Stock Markets Close Lower Amid Elevated Crude Oil, Rising Inflation
Infosys and TCS offset some losses, while 19 of 30 Sensex stocks and 34 of 50 Nifty stocks closed in the red, exchanges said.
- On Wednesday, Indian benchmark indices BSE Sensex and NSE Nifty ended lower as profit booking emerged after recent gains, with Sensex falling 0.34 per cent to 72,781.89 and Nifty dropping 0.44 per cent to 22,622.70.
- Elevated crude oil prices and renewed concerns over potential supply disruptions kept investors cautious, while Persistent FPI outflows acted as a key headwind limiting further market gains.
- Nifty FMCG rose 1.21 per cent, helping cushion the decline, while Nifty Pharma fell 0.93 per cent and Bajaj Finance shares dropped 2.55 per cent alongside losses in ICICI Bank and Bajaj Finserv.
- Infosys led major gainers, rising 2.66 per cent, while Tata Consultancy Services advanced 1.78 per cent, though 19 of 30 Sensex companies and 34 of 50 Nifty companies closed in the red.
- The Rupee gained around 10 paise to 95.14, supported by RBI restrictions on dollar buying, while a dozen companies prepare to launch IPOs in October.
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Sensex Falls 252 Points, Nifty Slips to 22,622, as Rising Crude, FII Selling Weigh on Markets
Get latest articles and stories on Business at LatestLY. The stock markets closed in the red on Wednesday as investors booked profits following the previous session's sharp rebound, while rising crude oil prices amid geopolitical supply concerns and sustained foreign institutional investor (FII) selling weighed on market sentiment. Business News | Sensex Falls 252 Points, Nifty Slips to 22,622, as Rising Crude, FII Selling Weigh on Markets.
Sensex declines 250 points, Nifty drops 99 points to end at 22,622.70, rally in IT stocks continues
Meanwhile, the Indian rupee traded positively, gaining around 10 paise to 95.14, despite a stronger dollar, as RBI restrictions on dollar buying continued to support the currency.
Stock Market Today Highlights, Oct 14: Sensex falls 252 points, Nifty slips to 22,622, as rising crude, FII selling weigh on markets
Sensex, Nifty, Share Prices Highlights: The stock markets closed in the red on Wednesday as investors booked profits following the previous session's sharp rebound, while rising crude oil prices amid geopolitical supply concerns and sustained foreign institutional investor (FII) selling weighed on market sentiment.
Share Market: Indian stock markets fell on Wednesday. The Sensex fell 251 points to close at 72,781, while the Nifty fell 99 points to 22,622. Pharmaceutical and financial stocks weighed on the market.
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