Sensex plunges 488 points, Nifty ends at 11,359; RIL sheds 4%
Sensex
Global trade tensions along with disappointing quarterly results suppressed the key Indian equity indices during Wednesday's mid-afternoon trade session.
The BSE Sensex lost 488 points or 1.27 per cent to settle at 37,790 and Nifty index of the National Stock Exchange (NSE) slipped below the crucial 11,400 level to end at 11,359, down 138 points or 1.2 per cent.
BSE has posted a 16.46 per cent year-on-year dip in consolidated net profit for March quarter at Rs 51.86 crore. Consolidated total income declined to Rs 182.08 crore from Rs 195.34 crore in the same quarter a year before.
The Sensex was mainly dragged by Reliance Industries, HDFC, HDFC Bank, ICICI Bank and SBI, which lost up to 3.35 per cent.
Bajaj Finance, Tata Motors, Bajaj Auto, Sun Pharma, NTPC, IndusInd Bank, Vedanta, M&M, Yes Bank and ONGC were among the other losers, shedding up to 3.22 per cent.
Only Asian Paints, HCL Tech and TCS ended in the green, rising up to 0.60 per cent.
)
‘Certain munitions are unlimited, others...’: Did Trump admit some US weapons supplies were limited?
)
No connection between Jantar Mantar protesters and Pakistan-based ISI terror module, Punjab Police clarify
)
Squadron Leader Bhawana Kanth scripts history as Indian Air Force gets its first woman ‘Top Gun’ pilot
)
Primetime trailer: Robert Pattinson channels Chris Hansen in A24's dark crime thriller
)
Explained | Can India reach WTC final with a series win in Sri Lanka?
)
France offers deal for 114 Rafale fighter jets, with 94 to be made in India
)
The genetic roots of Tamils: 75,000 DNA markers decoded in latest study of Sangam-era settlement
)
Trump says Iranian school bombing photos could be AI-generated - 'I don’t think...'
)
At least 4 killed 15 injured in shooting at school near Bangkok
&im=FitAndFill=(700,400))
Can an S-400 operate in the desert?
&im=FitAndFill=(700,400))
National Handloom Day 2026: From Alia Bhatt to Samantha Ruth Prabhu; Actresses who celebrated India's textile heritage as brides
)
Born in the USA? Trump targets 'birth tourism' with new birthright citizenship executive order
)
Major relief for TN CM Vijay as wife Sangeetha withdraws infidelity and divorce petition
)
Ukrainian astronomers see gargantuan objects dashing at 39,600 kmph on the Moon - 'They can reach Earth in 20 minutes'
)
Squid Game: Netflix shelves David Fincher's long-awaited American spin-off; Here's why
)
‘We are ready to talk’: Jharkhand CM Hemant Soren reaches out to protesting students
)
Bluefly: Priyanka Chopra joins Russell Crowe for new sci-fi action thriller
&im=FitAndFill=(700,400))
New Friday OTT releases (August 7, 2026): Operation Safed Sagar, Vadhandhi, Main Vaapis Aaunga- 6 movies and TV shows on Netflix, Prime Video and more
)
Michael 2 plans revealed: Makers to start filming soon with THIS release window
)
Zendaya and Tom Holland celebrate their marriage with private reception in England
)
Will ordinary Indian users have to pay for UPI? Nirmala Sitharaman breaks silence on Congress' MDR fee claim
&im=FitAndFill=(700,400))
Why the Su-30MKI doesn't need external fuel tanks to fly vast distances
)
India avoids higher US tariff, secures lower 10% rate. Here's how
)
The Royals enter the Doctor Who universe: King Charles and Queen Camilla beam into Commonwealth Games in TARDIS
)
Thailand teen killed grandparents before shooting teachers at school – What we know about suspect
)
'Massive attack coming... wait, never mind': Iran mocks US 'theatre diplomacy,' rejects Trump's claim of Hormuz progress
)
US may force more visa applicants to make social media accounts public under Trump's new plan
)
'Dhoni Made Fleming Great': Panesar says ECB made the wrong choice for England Test coach
)
The Paradise teaser: Nani's intense avatar and stunning visuals impress fans; new release date announced
)
'Devil Wears Prada 2' wardrobe joins Hollywood history
)
Drug-resistant fungus that hides in hair and enters bloodstream reported in 23 US states
)
NZ female politician joins meeting from bathroom with underwear hanging - 'You can see my washing, you can see me'
)
Vishal Bhardwaj to develop film on Tarun Tejpal case after latest court verdict: Report
)
Lightning bolt strikes football field in Thailand, killing a player during a match
)
OpenAI reportedly building donut-shaped ChatGPT smart speaker for homes
According to traders, domestic equities tracked weakness in global equities amid escalating trade tensions between the US and China.
Markets have been rattled ever since US President Donald Trump on Sunday threatened to hike tariffs on USD 200 billion worth of Chinese goods this week.
Energy and financial stocks came under selling pressure amid foreign fund outflows and subdued corporate earnings, experts said.
Foreign institutional investors (FIIs) sold shares worth Rs 645.08 crore on Tuesday, while domestic institutional investors (DIIs) purchased equities to the tune of Rs 818.84 crore, provisional data available with stock exchanges showed.
Other Asian bourses ended significantly lower, with Shanghai Composite Index falling 1.12 per cent, Hang Seng 1.23 per cent, Nikkei 1.46 per cent and Kospi 0.41 per cent.
European stocks were trading on a mixed note in early trade.
The Indian rupee depreciated 19 paise to 69.59 against the US dollar intra-day.
Global benchmark Brent crude was trading 0.41 per cent lower at USD 69.59 per barrel.
RBI is likely to cut interest rates one more time in June before rising inflation pressures and elevated fiscal deficits leave little room for further accommodation in rest of the year, IHS Markit said Wednesday. RBI had cut interest rate by 25 basis points each in February and April to boost economic growth.
(With inputs from agencies)