Indian benchmark indices, Sensex and Nifty 50, closed lower on Wednesday, weighed down by losses in Reliance Industries and IT stocks, rising crude oil prices, and investor caution ahead of the US Federal Reserve’s policy decision.
The 30-share benchmark index ended at 73246.03 down by -352.64 points or by -0.48 % and then NSE Nifty was at 22698.85 down by -50.9 points or by -0.22 %.
Sensex touched intraday high of 73525.44 and intraday low of 72603.57 The NSE Nifty touched intraday high of 22778.05 and intraday low of 22497.7
The top gainers of the BSE Sensex pack were Larsen & Toubro Ltd. (Rs. 3805.00,+3.68%), Trent Ltd. (Rs. 2908.00,+2.79%), State Bank of India (Rs. 956.75,+1.23%), Axis Bank Ltd. (Rs. 1220.00,+1.14%), InterGlobe Aviation Ltd. (Rs. 4671.00,+1.13%), among others.
The top losers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1158.50,-3.46%), Infosys Ltd. (Rs. 1123.15,-3.34%), Mahindra & Mahindra Ltd. (Rs. 1774.00,-1.83%), Tata Consultancy Services Ltd. (Rs. 2458.00,-1.68%), Bharti Airtel Ltd. (Rs. 1950.00,-1.42%), among others.
Auto index was at 56593.22 up by 750.7 points or by 1.34%. Bosch Ltd. (Rs. 47981.25,+5.45%), Exide Industries Ltd. (Rs. 354.05,+4.53%), TVS Motor Company Ltd. (Rs. 4239.00,+3.93%), Sona BLW Precision Forgings Ltd. (Rs. 880.00,+3.53%), Samvardhana Motherson International Ltd. (Rs. 160.90,+2.06%),.
Oil&Gas index was at 24261.97 down by -516.84 points or by -2.09%. Reliance Industries Ltd. (Rs. 1158.50,-3.46%), Petronet LNG Ltd. (Rs. 284.90,-3.42%), Bharat Petroleum Corporation Ltd. (Rs. 287.00,-2.81%), Oil And Natural Gas Corporation Ltd. (Rs. 224.40,-2.01%), Hindustan Petroleum Corporation Ltd. (Rs. 347.80,-1.47%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4800 , shares advanced were 2409 while 2166 shares declined and 225 were unchanged.