Bank Nifty also closed with a drop of over a percent led by selling in PSU Banking names. The index witnessed a false breakout on the upside early in the day but bears hammered it back lower.
The 30-share BSE Sensex closed down 636.75 points at 60657.45
The benchmark Brent crude contract was down 1.9% on the day, after dropping 4.4% on Tuesday, pressured by weak demand data from China and a gloomy economic outlook. U.S. 10-year Treasury yields fell on Tuesday, after rising for the last two weeks. It was at 3.70%, down 13 basis points this week.
The Nifty Pharma index closed 0.15 per cent down at 12622.75.
The 1-month lock-in expires for Dharmaj Crop Guard, Uniparts India, Sula Vineyards, Landmark Cars, KFin Technologies and Elin Electronics, stated Nuvama Alternative & Quantitative Research in a report.
NARCL#39;s net present value bid, submitted in the 10-hour-long “challenge mechanism” conducted by the committee of creditors (CoC) on Tuesday, constitutes Rs 3,200 crore in cash, a Rs 1000-crore jump from the previous plans offered, he said.
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JSW Steel, Hindalco, Coal India Ltd, Tata Steel and ONGC were among the top losers on NSE in today’s trade.
The group#39;s sales in India stood at 54,598 units in 2021.
Satya Nadella was speaking at Microsoft#39;s Tech for Good and Education showcase, an event that highlighted the impact created by technology in the areas of philanthropic work and education.