Sensex Ends 90 Points Lower, Nifty Settles Just Above 17,200 Amid Volatility
NDTV
Sensex, Nifty Updates: The Sensex ended 90 points lower to 57,806 and the Nifty 50 settled just above the 17,200 mark, down by 22 points.
The Indian equity benchmarks settled lower on Wednesday, December 29 amid volatile trading on the back of weak global cues due to year-end portfolio adjustments. The Sensex ended 90 points lower to 57,806 and the Nifty 50 settled just above the 17,200 mark, down by 22 points. Shares of pharma majors such as Cipla, Sun Pharma, Dr Reddy's Laboratories extended gains today which kept markets afloat for most part of today's session.
Eicher Motors, Sun Pharma, Bajaj Auto, Divis Labs were among the top gainers. On the flipside, ITC, State Bank of India (SBI), Coal India, Tech Mahindra were among the top losers. Mid- and small-cap shares ended on a positive note as Nifty Midcap 100 index was up 0.08 per cent and Nifty Smallcap 100 index rose 0.59 per cent.
In the currency market, the rupee snapped its winning streak today and declined three paise to settle at 74.73 (provisional) against the US dollar, amid muted domestic equities and weaker global cues.
On the stock-specific front, Baja Auto gained more than two per cent today after the company announced that it will set up a Rs 300-crore electric vehicle (EV) manufacturing unit in Pune. Shares of Bajaj Auto traded 2.94 per cent higher to an intra day high of Rs 3,270 on the BSE.
