Equity benchmark indices dipped during early hours on Wednesday with metal and auto stocks witnessing profit booking by traders.
At 10:15 am, the BSE SandP Sensex was down by 297 points or 0.61 per cent at 48,051 while the Nifty 50 lowered by 91 points or 0.64 per cent to 14,148.
Except for Nifty IT, all other sectoral indices at the National Stock Exchange were in the red with Nifty metal dipping by 1.4 per cent, private bank and realty by 1.3 per cent each and auto by 1 per cent.
Among stocks, Hindalco cracked by 3 per cent to Rs 233.05 per share while Tata Steel and JSW Steel lost by 2.3 per cent each.
Index heavyweight Reliance Industries shed 1.8 per cent to Rs 1,904.70 per share.
Market pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.
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Witness the rise of Nita Ambani as she takes on the helm of India's media landscape. Learn more about her journey and the significant impact she's set to make in the world of entertainment.
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Discover the fascinating story of Radhika Merchant, the soon-to-be bride of Anant Ambani, youngest scion of Reliance Industries chairman Mukesh Ambani. From her upbringing in Mumbai to her educational journey at prestigious institutions and her professional achievements, learn about Radhika's diverse talents, cultural pursuits, and philanthropic interests. Join us as we delve into the life of Radhika Merchant, a blend of tradition, modernity, and promise.
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