Stock Market
Markets end in red: Sensex slips 271 points, Nifty below 25,200; rupee hits record low
Mumbai/IBNS: Indian equity benchmarks closed in the red on Wednesday, with the BSE Sensex slipping 271 points and the NSE Nifty 50 declining 75 points amid weak broader market cues.
At the closing bell, the Sensex settled at 81,910, while the Nifty ended below the 25,200 mark.
Broader markets underperformed, with the BSE Midcap index falling 662 points to 57,424.
The Nifty Bank index also remained under pressure, shedding 604 points to close at 58,800.
Among Sensex constituents, UltraTech Cement Ltd., JSW Steel Ltd., and Reliance Industries Ltd. emerged as the major gainers during the session.
On the downside, ICICI Bank Ltd., Trent Ltd., and Adani Enterprises Ltd. were among the key laggards.
In individual stocks, Eternal surged nearly 3% ahead of its Q3 earnings announcement, while Kalyan Jewellers remained under heavy selling pressure, with shares declining 25% over the last 10 sessions.
Meanwhile, the Indian rupee weakened further, touching a fresh all-time low of ₹91.72 against the US dollar during the session.
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