Share Market, Rupee, Gold, Petrol, Diesel Price/Rate Highlights: The frontline indices on the BSE and National Stock Exchange (NSE) ended around 0.6 per cent lower on Wednesday led by the last hour sell-off in banking stocks.
The sentiments were affected following a disappointing factory output data for September and weak sentiments in the global markets. Later today, the retail inflation numbers or consumer price index (CPI) data will be released at around 5:30 pm.
The S&P BSE Sensex settled at 40,116.06, down 229.02 points or 0.57 per cent. The broader Nifty 50 slipped 73.00 points or 0.61 per cent to end the day at 11,840.45.
In the broader markets, the S&P BSE MidCap index slipped 114.32 points or 0.77 per cent to settle at 14,660.03, while the S&P BSE SmallCap index ended at 13,344.69, down 152.83 points or 1.13 per cent.
Wednesday, all the sectoral indices on NSE ended in the red. The Nifty Bank index tanked 574 points or 1.84 per cent to end the day at 30,541.55. Yes Bank, State Bank of India (SBI), Axis Bank and ICICI Bank were among the top losers in the banking segment.
Apart from the banks, media stocks were the other poor performers of the day. The Nifty Media index settled 4.53 per cent lower weighed by Sun TV Network and Dish TV India.
The rupee was trading at its day’s low, hovering near the 72/dollar mark. The domestic currency was at 71.99 against the greenback in late afteroon trade. It had settled at 71.47 in its previous close on Monday.
The European shares fell on Wednesday from four-year highs after US President Donald Trump threatened to “substantially” increase tariffs if China failed to agree a trade deal and also took a swipe at European Union trade policies. Concern is also growing that the intensifying unrest in Hong Kong could prompt a Chinese crackdown, pushing Hong Kong shares 2 per cent lower and weighing on markets across Asia.
MSCI’s index of world shares slipped 0.2 per cent, following a 1 per cent fall in Asian shares outside Japan. Japan’s Nikkei slipped almost 1 per cent, moving further off last week’s 13-month highs.
(Global market inputs from Reuters)