Benchmark equity indices Sensex and Nifty50 ended the day in negative territory on Wednesday, reversing recent gains as market sentiment shifted with RBI announcing status quo on rates.
The Sensex closed 167.71 points down, at 81,467.10, while the Nifty50 dropped 31.20 points, settling at 24,981.95.
Out of the Nifty companies, 31 showed advances and 19 recorded declines. Notable gainers included Cipla, Trent, Tata Motors, SBI, and Tech Mahindra, which helped the index from a steeper fall. On the downside, ITC, Nestle India, ONGC, Reliance, and Hindustan Unilever were the top losers, dragging the markets down.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Sensex, Nifty Drop After Rbi Maintains Status Quo On Rates
Sensex and Nifty closed lower as RBI maintained rates and adopted a neutral stance, dampening market sentiment.
HC issues notice on plea seeking permission for Wangchuk's protest
The Delhi High Court on Wednesday issued a notice seeking responses from the Delhi Police, the Government of NCT Delhi, and other respondents on a plea filed by the Apex Body Leh.
HC issues notice on PIL moved against 'ticket scalping' practices
The Delhi High Court on Wednesday issued a notice regarding a public interest litigation (PIL) against the practice of \"ticket scalping,\" which involves reselling event tickets at inflated prices. The plea, prompted by recent concerts featuring various artists, was brought forth by Rohan Gupta.
Election not to be taken lightly: Kejriwal
The BFP is poised to form the government for the third consecutive term securing 48 seats of the 90-member assembly. When Congress managed to secure 37 seats, AAP drewa blank in Haryana.
Opposition applauds PWD's decision to seal Kejriwal's bungalow
Opposition welcomed the Public Works Department's (PWD) decision to seal the bungalow of former Chief Minister Arvind Kejriwal.
ATISHI ASKED TO VACATE CM HOUSE, PREMISES SEALED
The newly appointed chief minister of Delhi has been asked to vacate her official residence just two days after she moved in followed by the strong protest by opposition.
BAIL NOT JAIL IS JUDICIAL TREND
In the Sunil Fulchand v. Unionof India case, the Supreme Court introduced the idea of bail. In criminal law, bail is well-understood, and the Criminal Procedure Code of 1973 has extensive bail provisions. A person is granted bail if they have been arrested for an offense for which they are not eligible for bail, or if they have been found guilty following a trial. When the accused is granted bail, the court maintains its constructive contract rights based on the terms of the bond it secured from him, releasing the accused from custody.
Haryana City Gas joins Reliance's MET City
Reliance subsidiary Model Economic Township Limited (METL) on Wednesday announced that Haryana City Gas (HCG) has joined its integrated Greenfield Smart City, MET City, at Jhajjar, Haryana.
Hyundai India announces Rs 32,000 cr investment
Hyundai Motor India has planned an investment of Rs 32,000 crore in the country over the next 10 years, between 2023 to 2032, said Unsoo Kim of Hyundai Motor India during the HMIL IPO-related press conference on Wednesday at Mumbai.
Pharma revenue to surge 8.5% YoY, driven by domestic and US niche launches
Pharma Industry revenue growth is likely to grow by 8.5 per cent (YoY) and will be driven by domestic formulations and niche launches in the US market, according to a report by Axis Securities.