Market continues winning streak but fails to hold opening gains
At close, the Sensex was up 32.81 points or 0.04% at 78,017.19, and the Nifty was up 10.30 points or 0.04% at 23,668.65.
Following weak global indications, the domestic stock markets had a shaky start on Wednesday morning and eventually traded in the red.
In the morning session, investors adopted a wait-and-see attitude in anticipation of the US Federal Reserve’s most recent policy meeting minutes, which were due later on Wednesday.
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At 9.46 am local time on Wednesday, the BSE Sensex fell 174 points to 61,119.75, while the NSE Nifty50 fell 56 points to 18,175.75. On the BSE, equities for Jindal World, Equitas Bank, Surya Rosni, NFL, and RCF increased. Among the backward companies were Bajaj Hindusthan Sugar, National Aluminium, Hindalco, Jindal Saw, and Lloyd Steel.
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On the BSE, active stocks included HDFC Life, Sun Pharma, SBI Life, Divis Lab, and ICICI Bank, while laggards on the NSE included Hindalco, JSW Steel, Tata Steel, ONGC, and Tata Motors.
In the early session on Wednesday, the S&P ASX increased by 99 points, the Shanghai SE up by 9, the Hong Kong Hang Seng increased by 409 points, and the Nikkei of Japan fell by 369 points.
In European markets, the FTSE 100 finished 102 points lower, the CAC 40 was up, the Deutsche Borse was up, and Refinitiv Europe was down.
As the Asian markets started on Tuesday, the Dow Jones closed 10 points lower, the Nasdaq Composite was down 79 points, the S&P 500 was down 15, and Refinitiv United States closed in the red.
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