The benchmark indices closed in the red on Wednesday afternoon. Amid weak global mood, the 30-pack index ended 150 points or 0.28 per cent lower at 53,027. Meanwhile, the Nifty 50 index closed at 15,799, down 51 points or 0.32 per cent.
top gainers and losers
HDFC Life, HUL, Apollo Hospitals, Axis Bank, Tata Consumer Products, Bajaj Finserv and UPL were the major draggers, falling up to 4.5 per cent.
Among stocks, Root Mobile slipped 5 per cent after the company approved Rs 120 crore share buyback at Rs 1,700.
J&K Bank rose 1 per cent. The state-owned bank will raise up to Rs 2,000 crore in the current financial year 2022-23 through a mix of debt and equity.
Besides, the rupee hit a new record low of 78.87/$ in the currency market soon after it opened in early trade.
Stocks fell across Asia on Wednesday morning, extending overnight losses on Wall Street amid concerns over a recession, inflation and higher oil prices, which also boosted the safe-haven dollar. Japan’s Nikkei index fell 1.01 per cent in early trade, while MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.1 per cent, Australian shares fell 1.29 per cent and Korea’s KOSPI fell 1.57 per cent.
Tokyo shares opened lower on Wednesday, falling on Wall Street as a gloomy US consumer confidence report offset positive news about China’s move to roll back Covid-19 restrictions. The benchmark Nikkei 225 index was down 0.67 per cent or 235.88 points at 26,813.59 in early trade, while the broader Topix index was down 0.79 per cent or 14.98 points at 1,892.40.
Wall Street closed sharply lower on Tuesday in a broader sell-off as consumer confidence data dampened investor optimism and fueled concerns over a recession and a rising earnings season.
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