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Stock Markets Closing: Sensex Ends Below 80,000, Nifty Settles At 24,340
Hero Motocorp, Adani Enterprises, Tata Consumer, Britannia Industries, and Maruti were among the top gainers on the Nifty index. Cipla, Shriram Finance, HDFC Life, Trent and Hero Infosys were among the top losers.
Stock Markets Closing (Image Source: iStockphoto)
On Wednesday, the Sensex fell 426.85 points to end the day at 79,942.18, meanwhile Nifty declined by 126 points to close at 24,340.85.
Hero Motocorp, Adani Enterprises, Tata Consumer, Britannia Industries, and Maruti were among the top gainers on the Nifty index. Cipla, Shriram Finance, HDFC Life, Trent and Infosys were among the top losers.
According to the exchange data, Foreign Institutional Investors (FIIs) sold equities amounting to Rs 548.69 crore and Domestic Institutional Investors (DIIs) purchased equities amounting to Rs 730.13 crore respectively on the previous trading day.
Vinod Nair, Head of Research, Geojit Financial Services, said, "The domestic market remains cautious due to aggressive selling by FIIs. Positively, strong domestic inflows are supporting market resilience though volatility has markedly increased. Other EMs are also consolidating in anticipation of upcoming US economic data releases, elections, and the FOMC interest rate decision. Considering the weak Q2 domestic earnings and muted commentary, India's premium valuations are moderating."
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Arjit Saxena author
Arjit Saxena is a Senior Correspondent at ET NOW and Times NOW Business Section. He writes on Stock Market, Economy, Startups, Corporates, and Persona...View More
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