Benchmark stock indices fell for the third straight session on Wednesday, with the Sensex plunging 813 points to a nearly three-month low and the Nifty slipping below 23,450 as escalating West Asia tensions pushed crude oil prices above $100 a barrel.
The 30-share BSE Sensex tumbled 813.35 points, or 1.08%, to close at 74,764.23, its lowest closing level in nearly three months. The NSE Nifty declined 203.60 points, or 0.86%, to settle at 23,431.50, its lowest close since June 11.
Selling was led by IT, FMCG, financial services and oil & gas stocks, as investors remained cautious amid rising geopolitical tensions and higher crude prices.
Among Sensex stocks, HCL Tech was the biggest loser, falling 4.55%, followed by Infosys (-4.43%), Tech Mahindra (-3.87%) and TCS (-2.26%). HDFC Bank and Hindustan Unilever were also among the major laggards.
On the other hand, Adani Ports rose 3.67% to lead the gainers. Tata Steel, Trent and NTPC also ended higher.
✍️ Vikrant Kharwar
Vikrant Kharwar is the Founder and Editor of News Us Media. He writes about trending news, sports, entertainment, technology, and viral stories. His goal is to make news simple, informative, and easy to understand for readers across the United States and around the world.
