Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Wednesday’s trading session in the negative territory. The NSE Nifty 50 plunged 122.65 points or 0.49% to settle at 24,918.45, while the BSE Sensex fell 398.13 points or 0.49% to 81,523.16. The broader indices ended in mixed territory, with fall led by Large-cap and Mid-cap stocks. Bank Nifty index ended lower by 262.30 points or 0.51% to settle at 51,010. FMCG outperformed among the other sectoral indices while Media and PSU Banks stocks shed.
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading down 0.13% at 101.52 on Wednesday morning.
On Tuesday, the Competition Commission of India announced that it approved the merger of Tata Motor Finance with Tata Capital. The merger, announced in June, will see Tata Capital issue its equity shares to the shareholders of Tata Motor Finance resulting in Tata Motors effectively holding a 4.7% stake in the merged entity.
US markets closed on a mixed note on Tuesday. The broader market index, the S&P 500 closed 0.45% higher at 5,495.52. Similarly, the tech-heavy Nasdaq Composite gained 0.84% to settle at 17,025.88. However, the Dow Jones Industrial Average index declined 92.63 points or 0.23%, to end at 40,736.96.