Stock Market: There is an all-round decline in the Indian stock market in Wednesday’s trading session. Both the major indices are trading with a decline of half a percent. Till the time of writing the news, Sensex was down 308 points or 0.42 percent at 73,595 points and Nifty was down 88 points or 0.40 percent at 22,364.60 points. Banking shares are also under pressure. Bank Nifty was down 236 points or 0.50 per cent at 47,288.
Even after the fall, the number of rising shares on NSE is more than the falling ones. Till 9:30, 1320 shares were trading in the green and 733 shares were trading in the red on NSE. A decline is also being seen in midcap shares. However, the smallcap index is trading in the green. Sector wise, there is pressure on shares of auto, realty, FMCG, pharma, infra and private banks. At the same time, energy and metals remain strong.
gainers and losers
Tech Mahindra, UltraTech Cement, Axis Bank, Power Grid, M&M, Tata Steel, Bajaj Finance, TCS and HCL Tech are the gainers in the Sensex pack. Whereas, Nestle, Sun Pharma, Bharti Airtel, IndusInd Bank, Kotak Mahindra, HUL, Bajaj Finserv, HUL, Titan, JSW Steel, Reliance, SBI, Wipro, Asian Paints, ICICI Bank and Maruti Suzuki are losers.
recession in global markets
Along with domestic, international markets are also witnessing a decline. The markets of Tokyo, Shanghai, Hong Kong, Seoul and Jakarta are trading in the red. At the same time, there was a sell-off in the American markets on Tuesday and the Dow closed with a slip of about half a percent. A rise in crude oil is being recorded. Brent crude is trading at $89 per barrel and WTI crude at $85 per barrel.
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