Share market highlights: In a choppy trading session observed on Wednesday, the 30-shares Sensex closed 382 points lower, even as the broader Nifty closed below the psychological 10,500 level as financials and NBFC stocks dragged.
The domestic stock markets gave up early gains on Wednesday afternoon, tanking more than 782 points from day’s high. The BSE Sensex fell to day’s low of 34,727.14, even as shares of Maruti Suzuki, M&M, ONGC, Adani Ports fell more than 3% each. Yes Bank share price fell by 8% to hit the day’s low at Rs 228.5. A heavy sell-off was witnessed in housing financce companies, with shares of Indiabulls Housing Finance tanking 12.5% to hit day’s low of Rs 787, as liquidity fears spooked the stock markets on Wednesday afternoon.
Earlier, Asian equities got some welcome relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little faith in emerging market stocks and currencies, Reuters reported. The Dow Jones Industrial Average (DJIA) surged 547.87 points to 25,798.42, with UnitedHealth outperforming. The S&P 500 gained 2.1 percent to 2,809.92 as the tech and health care sectors jumped more than 2.5% each.
The results of billionaire Mukesh Ambani-led Reliance Industries will be in focus today. According to a Bloomberg poll, RIL’s consolidated net sales is expected to come in at Rs 1.41 trillion; net profit is estimated at Rs 9,630.20 crore by 10 brokers. We bring to you key highlights from today’s trading session.