Stock Market Highlights: Sensex Settles 386 Points Lower At 81,715, Nifty Ends Above 25,000
Stock Market Highlights: Sensex Settles 386 Points Lower At 81,715, Nifty Ends Above 25,000
Stock Market Highlights Today: The Nifty 50 extended its losing streak on Wednesday as continued weakness in the Indian rupee against the dollar kept investor sentiment subdued. Sensex settled 386 points lower at 81,715.63, while Nifty fell 112 points to end at 25,056.
Benchmark indices slipped sharply on Wednesday as profit booking set in after the recent rally, with sentiment further dented by the Indian rupee's sharp fall against the dollar. The persistent weakness in the local currency fueled heightened volatility across Dalal Street, with sectoral breadth largely negative—barring pharma stocks, which bucked the trend with modest gains.
Indian benchmark indices opened on a negative note on Wednesday, September 24. Sensex fell 185 points in the opening trade to start at 81,917. Meanwhile, Nifty began the day 50 points lower at 25,108.
The Nifty 50 extended its weakness for a fourth straight session, as steep fall in the rupee against the dollar and persistent FII outflows weighed on sentiment, pulling the index further away from recent highs. The Indian rupee touched a fresh low near ₹88.70 per dollar on Tuesday, with charts pointing toward ₹89.20–₹89.50 if weakness persists, though some support is seen around ₹88.30–₹88.50. The persistent currency pressure is adding to investor anxiety.
Major sectors led by IT, FMCG, Private Bank, Auto, Oil & Gas traded in the red. Nifty IT was down 0.81 per cent to trade at 34,963. Meanwhile, Nifty FMCG was trading at 55,174, down by 0.19 per cent around 9:30 am.
The broader market also traded in the negative territory. Nifty Midcap 100 traded at 58,319 with a drop of 0.30 per cent. On the other hand, Nifty Smallcap 100 kept the positive momentum to trade at 18,200.
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Meanwhile, gold surged to fresh records, with international futures hitting $3,790.82/oz and MCX gold trading at ₹113,483, as safe-haven demand spiked amid geopolitical tensions and renewed U.S. tariff concerns. Central bank buying and a weaker rupee further fueled the rally.
Source: News18
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