Last Updated:
Benchmark indices BSE Sensex and Nifty 50 opened cautiously on Wednesday, edging higher amid weak global cues.
Stock Market Updates
Stock Market Closing: On Wednesday, benchmark equity indices BSE Sensex and NSE Nifty50 closed on a positive note. The BSE Sensex gained 16.09 points, or 0.02%, ending at 81,526.14. The index fluctuated between a high of 81,742.37 and a low of 81,383.42 during the session.
The NSE Nifty50 also finished higher, rising by 31.75 points, or 0.13%, to close at 24,641.80. It traded within a range of 24,691.75 to 24,583.85 throughout the day.
Among the Nifty50 stocks, 26 closed in the green, with notable gains from Trent, Bajaj Finance, Britannia, Shriram Finance, and Hero MotoCorp, all up to 2.50%. On the downside, 23 stocks ended lower, with declines led by JSW Steel, Adani Ports, NTPC, State Bank of India, and Axis Bank, with losses up to 1.48%. IndusInd Bank remained flat on the day.
In the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices rose by 0.27% and 0.38%, respectively.
Global Cues
Markets in the Asia-Pacific region displayed mixed performance on Wednesday. Hong Kong’s Hang Seng index climbed 0.57%, while the CSI 300 was up 0.18%. The Shanghai Composite gained 0.13%.
South Korea’s Kospi surged 0.78%, and the small-cap Kosdaq advanced by 2%. However, Japan’s Nikkei 225 saw a decline of 0.25%, with the Topix index remaining nearly flat. Australia’s S&P/ASX 200 dropped 0.49%.
Global equities retreated on Tuesday, with the US dollar strengthening. Gold prices rose to a two-week high, supported by escalating geopolitical tensions and expectations of a third rate cut by the US Federal Reserve next week.
Traders are awaiting key US inflation data due on Wednesday, alongside a meeting of the European Central Bank scheduled for Thursday.
On Tuesday, US stock indices saw declines: the Dow Jones Industrial Average fell 154.10 points, or 0.35%, to 44,247.83; the S&P 500 dropped 17.94 points, or 0.30%, to 6,034.91; and the Nasdaq Composite declined by 49.45 points, or 0.25%, to 19,687.24.
The pan-European STOXX 600 index lost 0.5% on Tuesday, breaking an eight-session winning streak, as luxury stocks led the declines following disappointing trade data from China.
