Market on Wednesday | Nifty below 25,500, Sensex slips as metal, realty and energy drag
Benchmark indices ended on a negative note after a rangebound session on July 9, with last-hour selling taking Nifty below 25,500 as investors stayed cautious ahead of US President Trump’s announcement of trade deals with seven more countries on Wednesday.
At close, the Sensex was down 176.43 points or 0.21 percent at 83,536.08, and the Nifty was down 46.40 points or 0.18 percent at 25,476.10. Broader indices outperformed the main indices with BSE midcap index was ended flat, while smallcap index added 0.5 percent.
Biggest Nifty losers included Tata Steel, HCL Technologies, Hindalco Industries, Apollo Hospitals, Tech Mahindra, while gainers were Shriram Finance, Bajaj Finance, HUL, UltraTech Cement, Coal India.
On the sectoral front, Metal, Realty and Oil & Gas indices down 1.4 percent each, media, IT, PSU Bank down 0.5 percent each, while FMCG, auto, Consumer Durables up 0.3-0.8 percent.
Nifty Pharma index ended flat even as US President Trump threatened to levy 200 percent tariff on all pharmaceutical imports.