Sensex Ends 338 Points Lower, Nifty Ends Below 14,950; Tata Steel And Hindalco Plunge Over 4%

Indian share markets witnessed volatile trading activity throughout the day today and ended lower.

Benchmark indices continued to fluctuate between gains and losses and tumbled in the last hour of trade today amid mixed cues from global peers.

At the closing bell, the BSE Sensex stood lower by 338 points (down 0.7%).

Meanwhile, the NSE Nifty closed lower by 124 points (down 0.8%).

Mahindra & Mahindra and Cipla were among the top gainers today.

Tata Steel and Hindalco, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,942, down by 93 points, at the time of writing.

The BSE Mid Cap index ended the day on a flat note and the BSE Small Cap index ended up by 0.3%.

Sectoral indices ended on a mixed note with stocks in the metal sector, oil & gas sector and banking sector witnessing most of the selling pressure.

Realty stocks, on the other hand, witnessed buying interest.

Shares of TCI Express and Adani Transmission hit their respective 52-week highs today.

Asian stock markets ended on a mixed note as investors weighed the Fed minutes that flagged the possibility of a debate on scaling back asset purchases.

The Hang Seng and the Shanghai Composite ended the day down by 0.5% and 0.1%, respectively. The Nikkei ended up by 0.2% in today's session.

US stock futures are trading on a negative note today with the Dow Futures trading down by 185 points.

In cryptocurrencies, massive action was witnessed in the crypto market with bitcoin plunging as much as 30% to its lowest level since January following China's decision to ban financial and payment institutions from providing digital currency services. The currency recouped some losses and was last trading around US$ 40,000 level as against US$ 30,000 it touched yesterday.

The rupee is trading at 73.10 against the US$.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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