Sensex, Nifty, Share Prices: The Sensex and Nifty witnessed significant selling pressure on Wednesday as rising inflation concerns and sustained foreign investor outflows dampened sentiment, with the benchmark indices posting sharp losses.
The BSE Sensex plunged 984.23 points or 1.25 per cent to close at 77,690.95, while the broader NSE Nifty50 fell 324.40 points or 1.36 per cent to end at 23,559.05. The market breadth was heavily skewed towards decliners, with 3,299 stocks falling against 670 advances on the BSE.
“Relentless selling by FIIs amid weak corporate earnings and a sharp surge in domestic inflation to a 14-month high have further impacted investor sentiment, dashing hopes for a near-term rate cut by the RBI,” said Vinod Nair, Head of Research at Geojit Financial Services.
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Stock Market Highlights 13 November 2024: Sensex, Nifty settle over 1 per cent lower amid inflation concerns
