Stock Market, Nifty 50, Sensex Today Live Updates: Indian equity benchmarks extended their losing streak for a third consecutive session on Wednesday. At 2 PM, BSE Sensex was at 84,844.92, down 293.35 points or 0.34 per cent and NSE Nifty50 quoted 25,915.70, down 116.50 points or 0.45 per cent.
Most of the 30 Sensex constituents were trading in the red, led by Hindustan Unilever, Titan, Tata Motors PV, NTPC, Bharat Electronics, Trent, Bajaj Finserv, Kotak Bank, Ultratech Cement, Maruti Suzuki, Larsen & Toubro, Power Grid and ITC.
Limiting the downside were gains in TCS, Infosys, Eternal, Reliance Industries, HCL Tech, Axis Bank, Tech Mahindra and Adani Ports.
In the broader market, the Nifty MidCap declined 0.22%, while the Nifty SmallCap fell 0.55%.
Among sectors, the Nifty IT held on to gains as the Indian rupee slipped to fresh record lows beyond the 90-mark. Export-oriented IT stocks typically benefit from a weaker rupee as a large portion of revenues is dollar-denominated while costs remain largely in rupees.
On the downside, the Nifty PSU Bank dropped nearly 3%, while the Nifty Auto slid over 1%.
Global cues
Asia-Pacific markets traded mostly higher on Wednesday, following a tech-led rebound on Wall Street and a sharp recovery in cryptocurrencies.
Japan’s Nikkei 225 gained 0.76%, while the broader Topix slipped 0.31%.
In South Korea, the Kospi advanced 1.06%. Revised third-quarter GDP data showed the economy expanded 1.8% year-on-year, slightly above the earlier estimate of 1.7%, as per the central bank.
Australia’s S&P/ASX 200 rose 0.32%, even as third-quarter GDP growth missed expectations. The economy grew 2.1% year-on-year—its fastest pace since Q3 2023—but fell short of the 2.2% forecast in a Reuters poll.
US stock futures were steady in early Asian trade after overnight gains on Wall Street, where the Dow rose 0.39%, the S&P 500 added 0.25%, and the Nasdaq climbed 0.59%.
Investors will also track US September trade data, US November global composite and services PMI numbers, and a speech by Christine Lagarde, President of the European Central Bank.