In the early hours of Wednesday, Indian stock markets witnessed a decline, influenced by weak global cues. The primary contributors to this downturn were the banking and financial sectors. The 30-share BSE Sensex retreated by 152 points or 0.23%, settling at 66,276, while the NSE Nifty saw a 29-point decline, equivalent to 0.15%, bringing it to 19,782. In contrast, the broader market, including mid-cap and small-cap shares, displayed a more positive trend, with the Nifty Midcap 100 rising by 0.15%, and small-cap shares posting a 0.55% increase.
Simultaneously, Asian markets also experienced a marginal dip, primarily due to concerns about potential supply disruptions stemming from the Middle East, causing oil prices to approach the $92 per barrel mark. In the United States, Wall Street equities showed a mixed performance overnight.
Within the 15 sector gauges compiled by the National Stock Exchange, seven were trading in the negative territory. Notably, certain stocks, including MMTC, HUDCO, Syngene, Vakrangee, and L&T Tech, witnessed declines of up to 9.04%.”