Sensex Slides 45 Points In A Very Erratic Trading Day

Benchmark Sensex tumbled over 45 points in very turbulent trade on Wednesday, reflecting weak Asian markets and continuous foreign fund outflows.

The 30-share BSE Sensex slid 45.46 points or 0.06 percent to 73,466.39. During the day, it plunged 437.93 points or 0.59 percent to 73,073.92.

The NSE Nifty index remained unchanged at 22,302.50.

Pidilite Industries, Canara Bank, Cholamandalam Invest, SRF, Dr Reddy’s Labs, Asian Paints, Berger Paints, Grasim Industries, UltraTech Cement, SBI Life Insurance, Hindustan Unilever, and HDFC Bank were the top laggards.

Among the gainers were RECL, Power Finance Corp, GAIL (India), ABB India, Varun Beverages, HAL, Siemens, Interglobe Aviation, and Avenue Supermarts.

In Asian markets, South Korea, and Taiwan ended in green, while Gift Nifty, Shanghai, Tokyo, Malaysia, and Hong Kong concluded in red.

European stocks were trading higher.

On Tuesday, US markets ended on a mixed note.

Brent crude lost 1.65 percent to USD 82.91 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 3,668.84 crore on Tuesday.

On Tuesday, the Sensex dipped 383.69 points or 0.52 percent to 73,511.85, while the Nifty sank 140.20 points or 0.62 percent to 22,302.50.

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