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Stock market weakened further; Sensex slipped 318 points, Nifty came below 25000
Sensex Closing Bell: On Wednesday, the 30-share BSE Sensex fell 318.76 (0.38%) to reach 81,501.36. On the other hand, the broader index of 50 shares NSE Nifty slipped 86.05 (0.34%) points to reach below 25000 and closed at 24,971.30.
Sensex and Nifty, the two main benchmark indices, ended the day lower for the second day in consecutive days. The 30-share BSE Sensex dropped 318.76 (0.38%) on Wednesday, ending at 81,501.36. The larger 50-share index NSE Nifty, on the other hand, closed at 24,971.30 after falling 86.05 (0.34%) points to below 25000.
Due to selling in auto and IT firms amid outflows of foreign capital and a negative trend in global markets, benchmark indices of the domestic stock market fell further on Wednesday. The BSE Sensex dropped for the second day in a row, ending the day at 81,501.36, down 318.76 points, or 0.39%. It has dropped 461.86 points, or 0.56%, during the trading to 81,358.26 points. At 24,971.30, the NSE Nifty ended 0.34%, or 86.05 points, down.
The top 10 laggards among the 30 Sensex businesses were Titan, ITC, JSW Steel, Tata Motors, Adani Ports, Infosys, and Mahindra & Mahindra. The gainers were the State Bank of India, Asian Paints, Reliance Industries, Bharti Airtel, and HDFC Bank.
