Early Trading Saw A Decrease In Equity Benchmark Indices

Equity benchmark indices saw a see-saw swing in the early trade on Wednesday, owing to significant volatility, as investors rushed to book profit in high-value equities.

The 30-share BSE Sensex slid 316.75 points or 0.45 percent to 70,053.58 in the opening trading but quickly recovered to trade with a gain of 60.70 points or 0.09 percent at 70,431.25.

The broader Nifty initially lost 51.50 points or 0.24 percent to 21,187.65 but quickly recovered to trade at 21,265.95.

IndusInd Bank, SBI, Tata Steel, Infosys, HCL Tech, JSW Steel, and PowerGrid were the top Sensex gainers.

Among the laggards were Maruti, Bharti Airtel, and Bajaj Finance.

In the United States markets, the Dow closed 0.25 percent lower, while the S&P 500 closed 0.29 percent higher, and the tech-heavy Nasdaq closed 0.43 percent higher on Tuesday.

In the Asia market, Japan’s Nikkei 225, China’s Shanghai Composite, and South Korean Kospi were trading down, while Hong Kong’s Hang Seng was trading high.

On Tuesday, European stock markets finished largely lower.

Brent crude lost 0.18 percent to USD 79.41 per barrel on Wednesday.

According to the exchange data, Foreign Institutional Investors (FIIs) offloaded shares worth Rs 3,115.39 crore on Tuesday.

On Tuesday, Sensex perished 1,053.10 points or 1.47 percent to 70,370.55, while Nifty plummeted 330.15 points or 1.53 percent to 21,241.65.

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