Sensex, Nifty end marginally lower; HCL Tech rallies over 4%


According to traders, market sentiment was weak.

Equity benchmarks Sensex and Nifty ended with marginal losses on Wednesday, weighed down by Kotak Bank, Reliance Industries and HDFC Bank, despite largely positive cues from global peers.

After touching a low of 38,125.81 during the day, the BSE Sensex pared most losses to end 37.38 points or 0.10% lower at 38,369.63.

On similar lines, the NSE Nifty slipped 14.10 points or 0.12% to close at 11,308.40.

Kotak Bank was the top loser in the Sensex pack, dropping over 2%, followed by Sun Pharma, Bajaj Finserv, L&T, Bajaj Finance, HUL and Titan.

On the other hand, HCL Tech rallied over 4%. SBI, Tech Mahindra, Maruti and PowerGrid were among the other gainers.

According to traders, market sentiment was weak following lacklustre macroeconomic data and concerns over rising coronavirus cases.

India’s industrial production declined by 16.6% in June, on account of disruption in normal business activity following the outbreak of coronavirus pandemic, government data showed on Tuesday.

The number of cases around the world linked to COVID-19 has crossed 2.02 crore, with India breaching the 23-lakh mark.

Bourses in Hong Kong, Tokyo and Seoul ended with gains, while Shanghai settled in the red.

Most stock exchanges in Europe were trading on a positive note in early deals.

Global oil benchmark Brent crude was trading 1.48% higher at USD 45.16 per barrel.

In the forex market, the rupee slipped 5 paise to close at 74.83 against the US dollar.

You have reached your limit for free articles this month.

To get full access, please subscribe.

Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.


A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.


We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *