Sensex slips 168 pts, Nifty below 17,650; Ultratech up 4.5%, TaMo down 2.5%
The resilience of the broader markets, however, continued on the bourses with the BSE MidCap and SmallCap indices advanced 0.5 per cent and 0.75 per cent, respectively
 "bse")
CLOSING BELL
Stock market highlight: The benchmark indices came off lows in the later half of the session, but ended in the negative zone on Wednesday, as tepid global cues drew investors away from riskier assets.
Stock market highlight: The benchmark indices came off lows in the later half of the session, but ended in the negative zone on Wednesday, as tepid global cues drew investors away from riskier assets.
The S&P BSE Sensex closed at 59,029, down 168 points or 0.28 per cent, while the Nifty50 ended at 17,624, down 31 points or 0.18 per cent.
Tata Motors, Bajaj Auto, IndusInd Bank, M&M, Maruti Suzuki, Bharti Airtel, Tata Steel, and ICICI Bank were the top losers, down between 1 per cent and 2.6 per cent.
On the flipside, Shree Cement, Ultratech Cement, Adani Ports, Coal India, Britannia, SBI Life, Grasim, and BPCL advanced over 1 per cent each.
The resilience of the broader markets, however, continued on the bourses with the BSE MidCap and SmallCap indices advanced 0.5 per cent and 0.75 per cent, respectively.
Among sectors, the Nifty Auto index fell over 1 per cent, but the Nifty Pharma index gained 0.8 per cent.
Primary market
The three-day issue of Tamilnad Mercantile Bank saw robust subscription levels on the final day. By 3:30 PM, the offer was subscribed 2.7 times, with retail portion at 6 times; NIIs at 2.68 times; and QIB at 1.6 times.
4:06 PM
MARKET COMMENT: Vinod Nair, Head of Research at Geojit Financial Services
The latest economic figures indicate that the US central bank would continue to raise interest rates. As, according to ISM's (Institute of Supply Management) US Non-Manufacturing PMI, the services sector expanded last month at a rate that was higher than anticipated, putting pressure on global markets. Main indices followed the global trend however, mid & small caps rallied with strong outperformance.
4:00 PM
Adani Enterprises, ABFRL, Blue Dart among stocks that hit 52-week high
3:54 PM
Tata Motors, Bajaj Auto, IndusInd Bank top Nifty50 losers
3:51 PM
Shree Cement, Ultratech Cement, Adani Ports top Nifty50 gainers
3:48 PM
Broader markets outperform benchmark indices; India Vix slips in red
3:45 PM
SENSEX HEATMAP: 12 out of 30 index constituents end in positive zone
3:43 PM
Sectors swing between gains and loss; Nifty Auto down 1%
3:40 PM
CLOSING BELL: Nifty50 closes flat below 17,650 levels
3:35 PM
CLOSING BELL: Sensex closes over 150 points lower
3:25 PM
Adani to build 3 giga factories in India as part of $70 bn green investment
Gautam Adani said his ports-to-power conglomerate will build three giga factories as part of a $70 billion investment in clean energy by 2030. READ MORE
3:18 PM
Easing commodity prices, supply snags to lift auto ancillary stks: Analysts
Thus far in 2022, key raw materials used in automobile manufacturing like steel, iron ore, aluminum, nickel, and rubber have dropped in the range of 16 per cent to 45 per cent. READ MORE
3:01 PM
Volume vault to lift consumer durables sector's revenue 15-18%, says CRISIL
The consumer durables sector's revenue in India is likely to grow 15-18 per cent to Rs 1 trillion in the current financial year on back of 10-13 per cent increase in volume, CRISIL said in a release. READ MORE
2:53 PM
Global Check:: US stock futures marginally up; European down
Source: Investing.com
2:44 PM
Adani to build 3 giga factories in India as part of $70 bn green investment
Gautam Adani said his ports-to-power conglomerate will build three giga factories as part of a $70 billion investment in clean energy by 2030. READ MORE
2:34 PM
Govt asks Sebi to ease public shareholding norms for IDBI Bank: Report
The Centre has reached out to Sebi seeking a relaxation period of two years in the minimum public shareholding norms for IDBI Bank after its privatisation. READ MORE
Topics : MARKET LIVE MARKET WRAP Markets S&P BSE Sensex Nifty50 stock markets Dalal Street BSE NSE Tamilnad Mercantile Bank
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Sep 07 2022 | 8:14 AM IST