Sensex, Nifty, Share Prices LIVE: Indices close 2% lower. BSE Sensex closes at 82,497.10, lower by 1769.19 points or 2.10%, and Nifty 50 tumbled 546.80 points or 2.12% to 25,250.10. By mid-day on Wednesday, India’s benchmark indices, Sensex and Nifty, were trading sharply lower. At 1:35 p.m., Nifty tumbled 506.50 pts or 1.96% to trade at 25,290.40 and Sensex plunged 1657.23 pts or 1.97% to 82,609.06, impacted by weak global sentiment amid escalating geopolitical tensions. All sectoral indices were in the red, with Nifty Realty plunging 4.3% to 1,049.65, and the Nifty Auto, Oil & Gas indices dropping over 2%.
The derivatives market reflected a bearish outlook, with call writing exceeding put writing for the second consecutive session. Analysts noted significant resistance at the 26,000 level, alongside the dominance of bearish sentiment, as the put-call ratio rose to 0.77. Meanwhile, corporate downgrades have moderated, as CareEdge Ratings reported a credit ratio of 1.62 in H1FY25, down from 1.92 in H2FY24, particularly affecting export-oriented sectors.
Despite a strong monsoon supporting agricultural prospects, rural demand remains mixed, with declining real wages impacting purchasing power. Analysts cautioned that moderation in aggregate demand could affect growth forecasts for FY25.
Geopolitical instability and weak domestic data, including lower GST collections and a dip in the Manufacturing PMI, weighed on investor sentiment.
