Indian equity indices closed on the red side of the market on Wednesday. Selling was seen across all sectors. Tata Steel was the worst performer among blue-chip stocks, declined 5.24 per cent. Wipro, Reliance, IndusInd bank, HCL Tech and Bajaj Finserv were other laggards.
Earlier in Asian Indices, Japan’s Nikkei 225 index fell by 0.37 per cent, China’s Shanghai Composite fell by 1.20 per cent and Singapore’s Straits Times declined by 0.78 per cent.
The BSE Sensex and Nifty50 declined by 1.35 and 1.44 per cent, respectively. The Sensex of the Bombay Stock Exchange closed at 51,800 level, while the Nifty50 of the National Stock Exchange settled at the 15,413 mark. The Sensex fell 709 points to trade at 51,822 and the Nifty50 down by 225 points to trade at 15,413.
In Nifty50 index shares, BPCL was the biggest gainer, increased by 1.56 per cent. Hero Motocorp and TCS were among the other gainers.
On the other hand, Hindalco was the worst performer in the pack, down by 6.72 per cent. UPL, Tata Steel, JSW Steel, Wipro, ONGC and Reliance were the other worst performers in the pack.
Small-cap and Mid-cap Indices
The Nifty Midcap-100 index declined 1.63 per cent and the Nifty Smallcap-100 index fell 1.41 per cent. In Nifty Midcap 100, Bank of India gained 3.65 per cent, Mahanagar Gas rose 2.74 per cent, RBL Bank, Varun Beverages and V-Guard also surged, while Sun TV Network, Hind Zinc and Jindal Steel declined. In Nifty Smallcap-100, Sequent Scientific gained 7.49 per cent. On the other hand, EID Parry fell 7.85 per cent. Hind Copper, SpiceJet and Nalco also declined.
In NSE sectoral indices, 21 out of 21 sectors declined. Nifty Metal was the worst performer as it fell by 4.87 per cent, Nifty Media decreased by 3.50 per cent, followed by Nifty Commodities declined by 2.69 per cent.