Business
Nifty falls 0.34% as crude and earnings weigh
The Hindu BusinessLine·
Indian benchmarks closed lower for a second day on Wednesday, The Hindu BusinessLine reported. The Nifty 50 ended at 22,811.35, down 77.60 points or 0.34 percent, after touching an intraday high of 23,120.90 before retreating sharply. The Sensex settled at 73,709, down about 143 points or 0.19 percent, as Brent crude held near 108.80 dollars.
Prism
What It Means For You
- Bank Nifty slipped 0.92 percent to 54,976.90.
- India VIX climbed 6.11 percent to 15.67.
- The rupee strengthened to 94.49 against the dollar, a six-week high.
What's Happening
- Nifty Midcap 100 fell 1.58 percent and Nifty Smallcap 100 declined 2.37 percent.
- In the Nifty 500 universe, 64 stocks rose and 431 fell.
- Nifty IT rose 2.88 percent, with gains in Infosys, TCS and HCL Technologies.
What dragged the session lower
- BusinessLine cited elevated crude prices, weak logistics earnings and caution before a large IPO.
- SML Isuzu hit a 10 percent lower circuit after a 44.5 percent drop in Q2 profit.
- Brent swung between 105.90 and 112 dollars before settling around 108.80.
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