Stock Market Updates: Sensex Slips Over 450 pts, Nifty Near 19,400; Nestle Surges 4% – News18

Last Updated: October 04, 2023, 09:30 IST

Sensex Today: Equity benchmark indices remained on shaky ground at Wednesday’s open as surging US yields continued to dent global market sentiment. The BSE Sensex fell 420 points to 65,090, and the NSE Nifty50 lost 124 points to 19,400.

Barring Nestle and HUL, which gained 4 per cent and 0.4 per cent, respectively, all other Sensex stocks sat with losses.

These were led by Maruti, NTPC, M&M, Bajaj Finserv, Tata Steel that lost up 2 per cent.

In the broader market, the BSE Midcap and Smallcap indices also declined up to 0.6 per cent.

Global Cues

Asian stocks fell to a 11-month low on Wednesday after another piece of resilient US economic data sent Treasury yields to fresh highs, while a sharp rise in the yen had traders speculating that Japanese authorities stepped into the market.

Tokyo stocks opened lower on Wednesday, extending falls on Wall Street, while the dollar briefly topped 150 yen overnight in a reflection of surging US Treasury yields.The benchmark Nikkei 225 index was down 1.49 per cent, or 464.40 points, at 30,773.54 in early trade, while the broader Topix index slipped 1.33 per cent, or 30.33 points, to 2,245.14.

The S&P 500 index closed at its lowest level since June 1 on Tuesday as economic data underscored the view the Federal Reserve may need to keep interest rates high.

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