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Sensex ends 97 pts lower amid geopolitical tensions, rise in Covid-19 cases
All that happened in the markets today
Indian equity markets ended Wednesday's volatile session with slight cuts as investors remained cautious amid geo-political tensions between India and China at the Ladakh border.
Further, a steady rise in Covid-19 cases, both in India and globally, also dented investor sentiment. READ MORE
The S&P BSE Sensex slipped 97 points or 0.29 per cent to settle at 33,508 points. The index shot up to 33,934 and fell as much as 33,333 intra-day in wild swings. Auto major Maruti Suzuki India (up over 4 per cent) ended as the top gainer on the index. Bharti Airtel, Axis Bank, and IndusInd Bank were next on the gainers' list.
On the downside, HDFC, M&M, ITC, and Power Grid slipped up to 2 per cent.
NSE's Nifty50 index slipped below 9,900 levels to end at 9,881, down 33 points or 0.33 per cent. The index hit a high of 10,003 intra-day.
The trend among Nifty sectoral indices was mixed, with Nifty Financial Services index, down 0.8 per cent, bleeding the most. On the other hand, Nifty Auto and Nifty Media indices ended 0.8 and 1.7 per cent higher, respectively.
The broader market fared better than the benchmarks. The S&P BSE MidCap and SmallCap indexes were up 0.3 per cent and 0.7 per cent, respectively.
Europe’s shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery standing firm against a resurgence of global coronavirus cases.
In Asia, Japan’s Nikkei eased 0.5 per cent, after jumping almost 5 per cent on Tuesday for its biggest daily gain in three months. Chinese blue chips recovered from an early dip to finish steady.
In the overnight trade, the Dow ended Tuesday up 2.04 per cent, while the S&P 500 gained 1.90 per cent and the Nasdaq 1.75 per cent.
In commodities, oil prices declined on Wednesday as data showed an increase in US crude and fuel inventories. Brent crude futures were down 29 cents, or 0.7 per cent, at $40.67 a barrel at the time of writing of this report, and US West Texas Intermediate (WTI) futures fell 43 cents, or 1.1 per cent, to $37.95 a barrel.
(With inputs from Reuters)