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Dalal Street goes bearish as the Sensex was down 930.88 points or 1.30 percent and the Nifty was down 302.90 points or 1.41 percent.
Also, all the sectoral indices ended in the red, with auto, capital goods, metal, pharma, oil & gas, power, and realty down 2-4 percent
BSE Midcap and Smallcap indices declined more than 3 percent each.
Indian rupee ended at 83.17 per dollar on Wednesday against Tuesday’s close of 83.18
STOCKS TODAY
DOMS Industries: The stock of Dom’s Industries debuts with a 77% premium over its IPO price on December 20. The investors welcomed the IPO with enormous subscription
Astral: A possible Short-term volatility can arise as the effect of Astral’s 885 crore block deal. Though the promoters are likely to offload about 2 percent of their stake in Astral, analysts believe that it will have no impact in the long term
Nippon Life India: As the industry AUM growth through SIPs as Indian markets have performed well recently, the stock surged around 2.4 % despite a 726 crore block deal.
Oil India: Shares of Oil India gained 6.33 percent, extending gains for the second straight session after the rise of crude oil prices and the government windfall taxes.
Varun Beverages: Shares of Varun Beverages gained 6.62 percent after the company announced the acquisition of South Africa-based Beverage Company (Bevco) and its wholly-owned subsidiaries.
JSW Infrastructure: Shares of JSW Infrastructure fell 6.14 percent even after the company announced its wholly-owned subsidiary has completed the acquisition of a marine oil terminal in the Middle East.
Tips Industries: Shares of Tips Industries went down 5.3 percent after a huge block deal of about 6 percent stake of the company changing hands, according to Bloomberg.
Religare Enterprises: Religare Enterprises stock fell 1.85 percent even after the Delhi HC set aside the declaration of lenders’ exposure to Religare Finvest account as a fraud exposure.