Stock Market Highlights, Sept 11: Sensex sheds 398pts; Nifty ends near 24,900; Banking, Auto drag

Stock Market Highlights: 34 out of 50 constituent stocks of Nifty50 ended lower, dragged by Tata Motors, ONGC, Wipro, L&T, and Adani Enterprises with losses of up to 5.73 per cent

Stock Market Highlights on Wednesday, September 11, 2024: Benchmark equity indices, BSE Sensex, and NSE Nifty50 ended Wednesday's choppy session in the negative territory, dragged by weak global sentiments, and selling across sectors. 
 

The BSE Sensex shed 398.13 points or 0.49 per cent to settle at 81,523.16. The index traded in the range of 81,423.14 to 82,134.95 on Wednesday.

Meanwhile, the NSE Nifty50 snapped its 2-session winning streak and dropped 122.65 points or 0.49 per cent to end at 24,918.45. The index traded in the range of 24,885.15 to 25,113.70 on Wednesday.

34 out of 50 constituent stocks of Nifty50 ended lower, dragged by Tata Motors, ONGC, Wipro, L&T, and Adani Enterprises with losses of up to 5.73 per cent. Meanwhile, Bajaj Auto, Asian Paints, Bajaj Finance, and Shriram Finance led the gains of up to 4.03 per cent among the other constituent stocks on the index.

Similarly, on the BSE, 20 out of 30 listed stocks of Sensex ended in the red, dragged by Tata Motors, NTPC, and Adani Ports with a fall of up to 5.77 per cent. Meanwhile, Asian Paints, Bajaj Finance, Sun Pharma, and Hindustan Unilever were among 10 stocks that ended with gains of up to 2.18 per cent.

Broader indices also settled lower, with the Nifty Smallcap 100 index down 0.81 per cent.

Among the sectoral indices, Nifty PSU Bank, Bank, Auto, Metal, and Realty indices ended in the red with losses of up to 1.75 per cent. 

Meanwhile, Nifty FMCG defied the trend to eke out some gains, settling higher by 0.28 per cent, and maintaining its gain for the third consecutive session. The index hit a record high of 65,344.60 during intraday trade on Wednesday.