The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,895 level, a discount of nearly 65 points from the Nifty futures’ previous close.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session over 1% lower. Nifty 50 closed at 23,883.45, while Sensex ended at 78,675.18. Overnight, Wall Street indices Dow Jones and S&P 500 ended lower,

Why Sensex, Nifty Are Down Today? Stock market is under pressure due to unabated foreign fund outflows and muted earnings in the second quarter. Also, a spike in retail inflation to 14 months high has added to the soured sentiment of investors.

On the 30-share Sensex platform, NTPC, Tata Motors and Infosys dominated in green. On the other side, Tata Steel, M&M, Adani Ports, SBI and JSW Steel emerged among the losers for the day

The trends on Gift Nifty indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 24,215 level, a discount of nearly 80 points from the Nifty futures’ previous close.

The S&P BSE Sensex lost 659.08 points to 78,837.07, while the NSE Nifty50 was down 205.35 points to 23,935.95 as of 2:15 PM.

The S P BSE Sensex ended 984.23 points lower at 77,690.95 at the closing bell, while the NSE Nifty50 fell 324.40 points to settle at 23,559.05.

The equity markets continued to show weakness on Wednesday as the benchmark indices closing in red, with Sensex declining 984 point to settle at 77,690 while Nifty at 23,559. However, Swiggy at its debut settled at 456,