The Indian stock market closed in the red in Wednesday's trading session. During this period, Sensex was at 77,966.35 with a weakness of 187.90 points or 0.24 percent and Nifty was at 24,435.95 with a decline of 35.75 points or 0.15 percent.
IT shares were responsible for putting pressure on the market. Nifty IT was the top loser among the indices with a weakness of 1.54 percent. After this, Nifty FMCG closed with a fall of 0.73 percent, Nifty Consumption 0.50 percent, Nifty Consumer Durables 0.45 percent, Nifty Healthcare 0.44 percent, Nifty Auto 0.32 percent, Nifty Services 0.14 percent and Nifty Commodities 0.07 percent.
On the other hand, Nifty PSU Bank closed with a rise of 2.05 percent, Nifty Media 1.05 percent, Nifty India Defense 0.70 percent, Nifty Metal 0.54 percent, Nifty PSE 0.38 percent, Nifty Infra 0.27 percent and Nifty Energy 0.18 percent.
There was mixed trading in the broader market. The Nifty Midcap 100 index was up 180.55 points or 0.28 per cent at 64,024.40 and the Nifty Smallcap 100 index was down 35.50 points or 0.18 per cent at 19,821.65.
SBI, Bharti Airtel, UltraTech Cement, Power Grid, BEL, ICICI Bank and Kotak Mahindra Bank were the gainers in the Sensex pack. TCS, M&M, Tata Steel, L&T, Eternal, Infosys, ITC, Trent, Bajaj Finance, Maruti Suzuki and HUL were the losers.
According to experts, investors are waiting for the inflation data. This time's inflation data will be very important, because there has been a big fluctuation in crude oil in July and investors are keeping an eye on its impact on inflation.
He further said that at present the broad market trend remains positive, as Sensex and Nifty are under pressure, but midcap and smallcap indices are close to all-time highs, which shows that investors remain confident in the Indian market.
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