BSE Sensex ends with 323.34 points, BSE down

BSE Sensex ends with 323.34 points, BSE down

Benchmark equity indexes slid in the last hour of trade on Wednesday ahead of the month's derivatives contracts expiry on Thursday due to mixed global cues. Before closing with 323.34 points, or 0.55 per cent, down at 58340.99, the 30 share BSE Sensex shuttled between a high and low of 58,968. 44, respectively. The 50-share Nifty index settled 88.30 points, or 0.50 per cent, lower at 17,415. The market breadth was favoring bears, as 34 stocks in the Business Today top 50 list ended the day in the red. Pidilite Industries emerged as the biggest loser, with a fall of 3.93 per cent. It was followed by Maruti Suzuki down 2.77 per cent Infosys, Down 2.69 per cent Infosys, Down 2.17 per cent, and ITC down 1.90 per cent. On the other hand, ONGC, Adani Ports, Adani Enterprises, Coal India, Hindustan Zinc, and NTPC gained between 1.27 per cent and 4.26 per cent. The shares of Coal India went up after the state-owned said it would meet on November 29, 2021 to consider and approve payment of interim dividends for 2021 -- 22.

These players are ranked based on the gain in their 12 month average market value between October 2020 and September 2021 compared to the same period a year ago.

Ajit Mishra, Religare Broking, VP-research, said the news of the COVID 19 situation worsening globally has started weighing on sentiment along with the inflation fear. Markets will continue to take cues from global counterparts as there is no major event on the domestic front. The scheduled monthly expiry would keep the traders busy on Thursday. The BSE Information Technology declined by the most, or 1.24 per cent, sectorwise. Auto, TECk, Capital Goods, FMCG, Energy and Consumer Durables and FMCG also lost 0.50 per cent. The BSE Oil Gas up 0.78 per cent Bankex up 0.53 per cent and Telecom up 0.10 per cent managed to settle in the green on the day.

The domestic indices edged lower in today's tumultuous session, as a result of mixed sentiments across global peers, according to Geojit Financial Services' head of research, Vinod Nair. Inflation in the Eurozone went up to 55.8 in November from 54.2 in October, instilling hope in investors.