After a recent rise, both benchmark Sensex and Nifty broke on Wednesday in the stock market. BSE Sensex broke 313 points in ups and downs. Investors took a cautious stance amid the Reserve Bank of India (RBI )’s monetary policy review and concern about the trade war being introduced this week. The BSE Sensex fell 312.53 points, or 0.40 per cent, to close at 78,271.28 points. At one time it went down to 367.56 points during trading. Of the 30 shares of the Sensex, 21 were in loss while nine remained in profit.
On the other hand, the National Stock Exchange’s Nifty also fell 42.95 points, or 0.18 per cent, to close at 23,696.30 points. After Tuesday’s boom, the perception was also affected due to profits and the rupee coming to the lowest level. The Sensex climbed 1,397.07 points on Tuesday and the Nifty climbed 378.20 points to close at a month high.
Asian Paints came down by more than 3 per cent of the 30 shares of the Sensex. The company’s unified net profit came down by the company’s stock with a fall of 23.5 to Rs 1,128.43 crore in the third quarter ended December 2024. The company’s profit has been reduced mainly due to weak demand. Apart from this, shares of Titan, Nestle, Hindustan Unilever, State Bank of India, Larsen & Toubro, ITC, Jomato and Bajaj Finserv were prominently damaged.
On the other hand, profitable shares include Adani Ports, IndusInd Bank, Tata Motors and HDFC Bank. Mehta Equality Ltd. Senior Vice President (Research) Prashant Tapse of the K the selling in select banks, vehicles, realty and daily use companies was in the market loss due to the selling in shares of companies making it. Everyone’s eyes will be on the monetary policy announcement on Friday. In the next few sessions, there may be ups and downs during trading.