BSE Sensex and NSE Nifty50 ended Wednesday on a lower note, after two straight sessions of gains, with the RBI’s 25-basis-point repo rate increase and its shift to a “calibrated tightening” stance weighing on sentiment.
The 30-share BSE Sensex fell 429.11 points, or 0.59%, to 72,638.70, with 26 constituents closing lower and four higher.
The index had declined as much as 599.09 points, or 0.81%, to 72,468.72 during the session.
The NSE Nifty declined 173.05 points, or 0.76%, to 22,603.05. Rising crude oil prices and persistent foreign fund outflows also affected sentiment. Among Sensex stocks, Titan, Bharat Electronics, Asian Paints, Infosys, Larsen & Toubro and Adani Ports were among the major laggards, while Kotak Mahindra Bank, Bharti Airtel, ICICI Bank and Bajaj Finance gained.
✍️ 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.
