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Sensex drops 393 pts from day's high, ends 67 pts down; Nifty holds 15,700

Sectorally, all but the Nifty IT index ended 0.6 per cent higher. All other indices settled lower with the Nifty Media index down 0.8 per cent and the Nifty Bank index down 0.7 per cent

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MARKET LIVE | Markets | Nifty50

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

Stock market updates: Equity ended the last day of the first half of calendar year 2021 (H1-CY21) in the red as US stock futures indicated a weak start on Wall Street later in the day. Dow Jones Futures were down 150 points, or 0.45 per cent, at 2:45 PM while S&P 500 Futures and Nasdaq Composite Futures slipped 0.3 per cent each.

In Europe as well, shares fell on Wednesday as worries about rising inflation and the Delta variant of the novel coronavirus hit economically sensitive sectors. The pan-European Stoxx 600 fell 0.9 per cent by mid-morning, with autos tumbling 2.4 per cent. 

In Asia, shares ended mixed. Japan's Nikkei dipped 0.07 per cent but South Korea's Kospi and China's Shanghai Composite added 0.3 per cent and 0.5 per cent, respectively.

Given this, the frontline S&P BSE cooled off 393 points from day's high to end at 52,483 levels, down 67 points or 0.13 per cent. The also eased 27 points, or 0.17 per cent, to settle at 15,721 level.

Index heavyweights Reliance Industries, Infosys, Maruti Suzuki, TCS, and Nestle India gained between 0.6 per cent and 1.2 per cent to support the indices even as losses in ICICI Bank, HDFC, HUL, HDFC Bank, Bajaj Finserv, Tata Steel, and Tech Mahindra capped gains.

Trend in the broader was mixed. The BSE MidCap index slipped 0.03 per cent while the BSE SmallCap index ended 0.56 per cent up. 

Sectorally, all but the Nifty IT index ended 0.6 per cent higher. All other indices settled lower with the Nifty Media index down 0.8 per cent and the Nifty Bank index down 0.7 per cent.

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