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The benchmark Indian equity indices are expected to open lower on Wednesday, tracking weakness across global markets
Stock Markets Today.
Sensex Today: Benchmark indices closed with strong gains on Wednesday, led by metals and pharma stocks, as investors cheered robust domestic macro cues and tracked the start of the two-day GST Council meeting.
The Council is widely expected to deliberate on rationalising the indirect tax structure, a reform flagged by Prime Minister Narendra Modi in his Independence Day address. Optimism was further reinforced by upbeat services sector data—India’s services PMI rose to a 15-year high of 62.9 in August, up from 60.5 in July, according to S&P Global. The jump reflected surging global demand and stronger new orders.
At close, the BSE Sensex climbed 409.83 points, or 0.51%, to 80,567.71, while the NSE Nifty50 advanced 134.45 points, or 0.55%, to 24,715.05.
Top movers
On the BSE, Tata Steel, Titan, and M&M topped the gainers’ list, while Infosys, NTPC, and Hindustan Unilever weighed on the index. On the NSE, Tata Steel, Hindalco, and JSW Steel led the rally, with Infosys, Nestle, and HDFC Life among the major losers.
Broader markets & sectors
The broader market also ended higher, with the Nifty Midcap 100 rising 0.69% and the SmallCap index gaining 0.89%. Sectorally, Nifty Metal was the top gainer, up 3.11%, followed by Pharma (1.10%) and PSU Bank (1.03%). On the flip side, Nifty IT fell 0.74% and Media edged down 0.04%.
Global Cues
Asian equities edged lower on Wednesday morning, following overnight declines on Wall Street. Rising global bond yields and concerns over global trade added to the pressure. Australia’s S&P/ASX 200 slipped 0.5 per cent, Japan’s Nikkei 225 fell 0.35 per cent, and South Korea’s Kospi was largely flat amid volatile trade.
US markets ended Tuesday in the red after a federal appeals court ruled that most of former President Donald Trump’s tariffs were illegal, clouding trade sentiment. The Dow Jones Industrial Average dropped 0.55 per cent, the S&P 500 slipped 0.69 per cent, and the tech-heavy Nasdaq Composite shed 0.82 per cent.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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