Sensex and Nifty Decline Amid Weak Global Cues

6 Sep 2023 , 01:26 PM

Equity Markets See Decline:  Indian equity benchmark indices, Sensex and Nifty, faced a decline in trade on Wednesday, primarily influenced by weak global cues and foreign fund outflows.

At the time of writing, Sensex was trading at 65,566, reflecting a 0.33% decline compared to the previous day’s close. Nifty, the broader index, was observed at 19,510, marking a 0.33% increase from the previous day’s close.

Top Gainers: The day’s market saw significant gainers, including Petronet LNG (7.24%), Voltas (4.21%), Page Industries (3.53%), and Syngene Intl (3.48%).

Top Losers: Conversely, notable losers included Hind Copper (-2.73%), SAIL (-2.70%), MphasiS (-2.60%), and Vodafone Idea (-2.53%).

Stocks Hitting 52-Week Highs: Some stocks surged to their 52-week highs in the day’s trading. This list featured Petronet LNG (7.00%), ZFCVINDIA (5.64%), Castrol (4.23%), and MMTC Ltd (5.24%).

FIIs Offload Equities: Foreign Institutional Investors (FIIs) were observed offloading equities worth Rs 1,725.11 crore on Tuesday, based on exchange data.

Piramal Enterprises Bond Issue: Piramal Enterprises, a prominent conglomerate, has revealed plans to raise Rs 30 billion (approximately $361.31 million) through a public issue of bonds. The company has filed a draft shelf prospectus for this purpose, according to reports from IFR, a Thomson Reuters publication.

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