Why share market is down today | Check top gaining shares
India Today
Hindustan Unilever was down 1.1 per cent ahead of quarterly results, while Bajaj Finance fell more than 5 per cent to a five-week low and was the top percentage loser on the Nifty 50.
The Sensex and Nifty fell on Wednesday after all major sectors posted losses, as appetite for risky assets soured over fears about a global economic slowdown, while conglomerate Reliance Industries scaled a record high.
The NSE Nifty 50 index was down 0.89 per cent or 152.25 points at 17,048.55, while the S&P BSE Sensex fell 0.78 per cent or 446.27 points to 56,910.34. Both the indexes rose more than 1 per cent each in the previous session.
Global stocks were hurt by news of Russia cutting gas supplies to Eastern Europe, prospects of aggressive US interest rate hikes, worries over sky-high inflation and stringent Covid-19-related curbs in China.
The MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1 per cent to its lowest level since March 15.
In India, stocks across sectors lost ground. Just three of the 50 stocks on the Nifty 50 index gained.
Nifty's small-cap index fell 1.3 per cent and the mid-cap index slipped 1 per cent. Nifty's volatility index, an indicator of the degree of volatility traders expect over the next 30 days, rose 6.6 per cent.
Hindustan Unilever was down 1.1 per cent ahead of quarterly results, while Bajaj Finance fell more than 5 per cent to a five-week low and was the top percentage loser on the Nifty 50.
