FINAL TRADE: The 3-day surge stops, Nifty drops to 22,201, and the Sensex closes 118 points lower

.Current state of the stock market: breaking the three-day upward trend, domestic equity benchmarks Throughout the session, the Nifty50 and Sensex traded in a narrow range before leveling off.

Stock market today

Current state of the stock market: Breaking the upward trend of the last three days, domestic equity benchmarks Throughout the session, the Nifty50 and Sensex traded in a narrow range before leveling off. Losses were incurred due to a decline in car and financial equities, but purchases of power and telecommunications companies provided some relief.

The Sensex closed at 72,987.03, down 117.58 points from the previous level, while the Nifty index dropped 17.3 points to end at 22,200.55.
Of the Nifty firms, 27 were in decline and 23 were in advance.

Bajaj and Tata Motors In the Nifty 50 universe, the top decliners were Auto, Asian Paints, Eicher Motors, and Britannia, while the top gainers were Coal India, Cipla, BPCL, Bharti Airtel, and Power Grid.

At 47,687.45, Nifty Bank ended the day 0.36 percent lower. In the meantime, the Nifty IT closed little at 33,117.4, ahead of significant US inflation data that may have an impact on the direction of future rates.

The Nifty SmallCap 100 and Nifty MidCap 100, which are focused on the domestic market, had increases of 0.58 and 0.96 percent, respectively.
Throughout the day, the market moved sideways as investors’ emotions were affected by the anxiety surrounding the election. According to Vinod Nair, Head of Research at Geojit Financial Services, domestic investors were mostly focused on stock-specific selections, while FIIs remained in the selling mode.

The segment outperformed as a result of investors’ attention being drawn to the positive results from the capital goods industry and the strong growth potential. Prior to the release of confidential US CPI data, the market will be closely monitoring a decline in the US 10-year yield to obtain information about interest rates,” he continued.

worldwide market

Europe’s benchmark index reached a record high on Wednesday, driven by investors’ enthusiasm over a few strong earnings reports from Germany’s Commerzbank and the UK’s Experian. They also braced themselves for the much awaited US inflation statistics at the same time.

At the last count, there was a 0.3% increase in the pan-European STOXX 600.

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