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India-Pak tension sees Sensex slip 466 pts from day's high; ends at 35,905

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Market Wrap  |  Sensex  |  Nifty

SI Reporter  | New Delhi 


Benchmark Indices ended lower on Wednesday as tensions between India and Pakistan escalated. 

The S&P ended at 35,905, down 68 points or 0.19 per cent, while the broader Nifty50 index settled at 10,807, down 29 points or 0.26 per cent. The 30-share index had hit an intra-day of 36,371, while the 50-share surged to 10,939 during the day.

Among the sectoral indices, IT index ended 0.5 per cent lower led by a decline in Wipro and Infibeam. While the Financial Service index settled 0.5 per cent lower weighed by Edelweiss and Indiabulls Ventures.

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In the broader market, the S&P MidCap index ended 57 points, 0.40 per cent higher at 14,249, while S&P SmallCap index settled at 13,573, up 23 points, or 0.17 per cent.

Asian shares were trading higher in the early trade on Wednesday after Federal Reserve Chairman reinforced the US central bank’s recent shift towards a more “patient” approach on policy in the face of a slowing economy. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.1 per cent while Japan’s Nikkei share average gained 0.4 per cent. 

In the overnight trade, US stocks settled lower. In the commodity market, prices rose on OPEC-led supply cuts and a report of declining US crude inventories. 

(with Reuters input)


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