Sensex Collapse 456 Points, NSE Nifty Down at 18,266

Share Market Today Stock Market News On Wednesday, Titan was the top clunker in the Sensex pack, slipping around 3 per cent, followed by HUL, NTPC, Bajaj Finserv, L&T and PowerGrid, as per the PTI report.

Share Request moment closed in red as the BSE Sensex drooped 456 points, tracking losses in indicator majors Reliance Diligence, Infosys and ICICI Bank. BSE Sensex ended456.09 points or0.74 per cent lower at. Also, the NSE Nifty dropped152.15 points or0.83 per cent to, as per a PTI report.
Share Market Moment – Top Stocks

On Wednesday, Titan was the top clunker in the Sensex pack, slipping around 3 per cent, followed by HUL, NTPC, Bajaj Finserv, L&T and PowerGrid, as per the PTI report.
On the other hand, Bharti Airtel, SBI, IndusInd Bank, Bajaj Finance and Axis Bank were among the winners, PTI reported.

Away in Asia, bourses in Hong Kong and Tokyo ended with earnings, while Shanghai and Seoul were in the red. Stock exchanges in Europe were trading mixed inmid-session deals. Meanwhile, transnational canvas standard Brent crude slipped0.82 per cent to USD84.38 per barrel, PTI reported.

Stock Market Analysis

Requests remained under pressure and lost nearly a percent amid mixed cues. Originally, the standard opened flat, tracking favourable global cues but profit taking in the select indicator majors pushed the standard lower as the day progressed. Accordingly, the Nifty indicator closed around the day’s low to settle at situations. The broader requests also witnessed heightened dealing pressure and both midcap and smallcap lost nearly 2 per cent each. Among the sectoral indicators, utmost of the indicators, barring banking, closed in negative wherein essence, canvas & gas and garden were the top disasters, Ajit Mishra, VP – Exploration, Religare Broking Ltd, said.

The tepid launch to the earnings season has led to profit taking and global cues have also not been veritably encouraging. Going ahead, we anticipate choppiness to continue due to the daily expiry and the listed earnings of some of the indicator majors so it’s prudent to circumscribe leveraged positions for the time being and let the requests stabilize, Ajit Mishra stated.

Rupee Recovers

The Indian rupee has recovered moment after testing 15-month lows last week, amid wimpiness in the bone indicator and as the threat on sentiments have buoyed global equities to record highs. The note has drifted to three-week lows against other major currencies as requestsre-calibrate faster rate hikes in other countries and amid signs of weakening profitable exertion in the US. A retreat in crude canvas prices frommulti-year highs is also furnishing some bumper to the domestic currency. Moving ahead, the domestic currency looks to remain sustained by the crucial support zone of75.50-60 and can substantiation appreciation in coming days towards the74.70 mark, Sugandha Sachdeva, VP- Commodity & Currency Research, Religare Broking stated.

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