Sensex Today: Indian equities ended lower for a second straight day Thursday as investors remained cautious of the worsening geopolitical conditions in the Middle East. However, stock-specific action amid Q2FY24 results helped the markets trim losses.
The S&P BSE Sensex, which fell nearly 500 points in early deals, ended 248 points, or 0.4 per cent, lower at 65,629. The Nifty50, on the other hand, settled at 19,625, down 46 points, after hitting a low of 19,512.
Wipro, UPL, Tech M, Bharti Airtel, Hindalco, Coal India, Tata Steel, HDFC Life, Dr Reddy’s Labs, NTPC, ICICI Bank, Kotak Bank, Reliance Industries, TCS, Bajaj Finance, ONGC, M&M, and Sun Pharma were the top laggards, down between 0.5 per cent and 3 per cent.
Bajaj Auto, LTIMindtree, and Nestle India, on the other hand, were the top gainers, soaring 6.5 per cent, 6 per cent, and 3.5 per cent, respectively, post their September quarter results. Hero MotoCorp, Ultratech Cement, IndusInd Bank, Grasim, BPCL, and Cipla were the other gainers, rising in the range of 1 per cent and 3.7 per cent.
In the broader market, the BSE MidCap index ended f0.08 per cent down, while the BSE SmallCap index added 0.07 per cent.
Sectorally, gains in Bajaj Auto and Nestle helped the Nifty Auto and FMCG indices settle 0.5 per cent and 0.14 per cent higher, respectively. On the downside, the Nifty Metal index fell 0.88 per cent.
Global Cues
In Asia, Australia’s S&P/ASX 200 slid 1.33 per cent, Japan’s Nikkei 225 tumbled 1.42 per cent, South Korea’s Kospi was down 1.62 per cent, and Hong KOng’s Hang Seng shed 1.65 per cent.
Overnight, the Dow Jones Industrial Average slipped 0.98 per cent, the S&P 500 slid 1.34 per cent, while the Nasdaq Composite dropped 1.62 per cent.
US Treasury yields jumped to multiyear highs, with the 10-year Treasury yield breaking above 4.9 per cent for the first time since 2007.
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