Indian equity benchmarks ended with losses for a second straight session on Wednesday ahead of US inflation report. The CPI data is due to be released on November 10. It will enable investors to predict the direction of the US Federal Reserve rate hikes in the future.
The Sensex closed 419.85 points or 0.69% lower at 60,613.70. The Nifty fell 128.80 points or 0.71% to 18,028.20.
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The broader indices ended lower with the BSE MidCap index losing 1.02% and the SmallCap index down by 1.05%.
The top losing sectoral indices on the BSE were Auto down by 2.06%, Consumer Durables 1.36%, Commodities 1.35%, Consumer Discretionary 1.35%, and Metal 0.94%, while there were no gaining sectoral indices on BSE.
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Top laggards from the Sensex pack were Axis Bank down by 3.54%, Bajaj Finserv 3.04%, Titan Company 2.99%, Mahindra & Mahindra 2.94%, Bajaj Finance 2.34%, IndusInd Bank 1.89%, Power Grid 1.87%, Maruti Suzuki 1.76%, State Bank of India 1.60%, and Ultratech Cement 1.50%.
Among the gainers were HDFC Bank up by 1.13%, Bharti Airtel 0.94%, Kotak Mahindra Bank 0.85%, Dr. Reddy’s Labs 0.15%, Hindustan Unilever 0.10%, and HDFC 0.08%.
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The rupee lost 30 paise to close at 81.77 against the US dollar on Thursday.
Asian markets settled lower with the KOSPI Composite down by 0.91%, the Nikkei 225 down by 0.98%, Shanghai Composite down by 0.39%, and the Hang Seng down by 1.70%.
European stock exchanges were trading in red during mid-session deals. The US equity markets had ended lower on Wednesday.
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Brent crude futures, the international oil benchmark advanced 0.03% to $92.68 per barrel.
According to stock exchange data, foreign institutional investors purchased shares worth a net of Rs 386.83 crore on Wednesday.
