Stock Market Update: Domestic equity markets ended lower on Wednesday, marking the third consecutive day of declines amid global uncertainties, weak cues, and continued foreign capital outflows. The BSE Sensex fell 270.84 points (0.33%) to close at 81,909.63, while the NSE Nifty 50 dropped 75 points (0.30%) to 25,157.50.
During volatile trading, the Sensex touched an intraday low of 81,124.45, down 1,056.02 points at one point. Selling pressure was seen across financial, banking, and consumer stocks, while selective buying at lower levels provided some support.
Top Movers:
Among Sensex constituents, ICICI Bank, Trent, Bharat Electronics, Axis Bank, HDFC Bank, Larsen & Toubro, SBI, and Maruti Suzuki were major losers. Conversely, Eternal, UltraTech Cement, InterGlobe Aviation (IndiGo), and Reliance Industries recorded strength.
Stocks Showing Buying Interest:
Shares displaying strong buying momentum include MRPL, CreditAccess Grameen, IndiaMART Intermesh, KPR Mill, Eternal, Hindustan Copper, and ITC Hotels. Several of these stocks have crossed 52-week highs, signaling bullish trends.
Stocks Showing Weakness:
Technical indicators like MACD have flagged potential bearish signals for Kalyan Jewellers India, SRF, Authum Investment, Tata Communications, Tata Chemicals, Cyient, and Paytm, suggesting a possible downturn in the near term.
Disclaimer: The above analysis reflects insights from individual analysts and brokerage firms, not NBT. Investors are advised to consult certified financial advisors before making investment decisions, as market conditions can change rapidly.
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