Market erases all gains, Nifty falls below 23,300
At close, the Sensex was down 422.59 points or 0.54% at 77,155.79, while the Nifty fell 168.60 points or 0.72% at 23,349.90.
The National Stock Exchange of India (NSE) set a new world record on Wednesday for the highest number of transactions in a single trading day.
CEO of NSE Ashish Chauhan, in a post on social media platform X, said the exchange processed an unprecedented 19.71 billion orders and 280.55 million trades within the trading hours of 9:15 am to 3:30 pm.
“NSE handled the highest-ever world record number of transactions in a single day today on June 52,024 in 6 hours and 15 minutes (915 am to 330 pm) single trading day – 1,971 crore (19.71 billion) orders per day. 28.55 crore (280.55 million) trades per day,” Chauhan said.
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After record losses on the day of vote counting, the Stock Market rebounded on Wednesday.
Indian shares jumped over 3 per cent on Wednesday, marking their best one-day gain in over three years. The development comes after key allies pledged their support to form a new government following a narrow win for the Prime Minister Narendra Modi-led National Democratic Alliance (NDA).
Sensex and Nifty opened higher at 73,027.88, and 22,128.35 respectively touching intraday high of 74,534.82 and 22,670.40.
On Tuesday, the benchmark indices closed nearly 6 per cent lower. The foreign institutional investors (FIIs) sold a record Rs 12,436 crore worth of Indian shares, provisional data from the National Stock Exchange showed.
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