Indian market benchmarks fell as bank, financial, and IT sectors declined. Mid- and small-cap stocks climbed, while India VIX increased. Investors await US Fed policy.
Indian equities benchmarks fell early Wednesday due to bank, financial, and IT sector falls. The 30-share BSE Sensex fell 0.18% to 69,428 and the wider NSE Nifty down 0.11% to 20,882. Nifty Midcap 100 rose 0.02% and small-cap 0.15% despite this. India VIX increased 0.53% to 12.78.
Wall Street equities rose overnight, while Asian markets mostly fell. Investors await the US Federal Reserve’s policy decision at 12:30 am Thursday.
Domestic factors include increasing food costs driving retail inflation to 5.55% in November, the sharpest pace in three months. Bank of India, Adani Total Gas, Sonata Software, Suntech Realty, and Paytm lost up to 5.57% on the BSE.
As the indices open red, investors are watching for financial changes.
Conclusion
Early activity in Indian equities benchmarks fell due to bank, financial, and IT sector falls. Sensex and Nifty fell 0.18% and 0.11%, respectively. Nifty Midcap 100 rose 0.02% and small-cap 0.15%. Fear index India VIX climbed 0.53%. Wall Street stocks rose while Asian markets fell. Retail inflation rose 5.55% in November due to increasing food prices.
