NIFTY50: 19,901 ▼ 231 (-1.1%)
SENSEX: 66,800 ▼ 796 (-1.1%)
- Benchmark indices witnessed a decisive fall following weak global cues
- In all, 39 of the NIFTY50 stocks closed in the red
- Oil prices slumped over 1% ahead of the US Fed interest rate decision
All of the NIFTY sectoral indices ended lower, with Metal (-1.6%) and Financial Services (-1.4%) being the top losers.
What's Up
| Top gainers | Today's change |
| Power Grid | 204 ▲ 4.7 (+2.3%) |
| Coal India | 284 ▲ 3.1 (+1.1%) |
| ONGC | 188 ▲ 1.4 (+0.7%) |
What's Down
| Top losers | Today's change |
| HDFC Bank | 1,566 ▼ 63 (-3.8%) |
| JSW Steel | 787 ▼ 21 (-2.7%) |
| Reliance Industries | 2,380 ▼ 55 (-2.2%) |
Market Sentiment
| India VIX | 11.13 ▲ 0.29 (+2.7%) |
| NIFTY MIDCAP 100 | 40,543 ▼ 114 (-0.2%) |
| NIFTY SMALLCAP 100 | 12,613 ▼ 112 (-0.8%) |
| USD-INR | 83.01 ▼ 0.29 (-0.3%) |
Stock Buzz
⭐ HDFC Bank shares tumble
Shares of HDFC Bank fell over 3% today, their biggest 1-day fall in 4 months. This comes after the bank warned that its merger with HDFC Ltd would hit its key financial metrics, including margins and bad loan ratios.
⭐ Power Grid hits all-time high
Shares of Power Grid Corporation of India hit an all-time high at ₹205.95 today. The company announced its plan to issue non-convertible bonds, which be discussed in the meeting to be held on 25 September.
⭐ Infosys ties up with NVIDIA
After Tata and RIL, global AI giant NVIDIA has joined hands with Infosys. The two companies will help global enterprises with generative AI applications and solutions.
⭐ Blue Star shines on QIP plan
Shares of Blue Star zoomed 15% intraday after its board approved raising ₹1,000 crore through a qualified institutional placement (QIP). The company intends to use these funds to cut debt and invest in growth.
⭐ Oil prices fall before Fed decision
Oil prices slumped nearly 1% on Wednesday ahead of the US Fed interest rate decision. Investors were wary of the uncertainty about the rate hike and its impact on energy demand.
IPO Corner
The Yatra Online IPO was subscribed 1.6 times on the last day of bidding. The leading online travel company intends to raise ₹775 crore through its public issue.
The IPOs of Signatureglobal India and Sai Silks (Kalamandir) opened today. Meanwhile, the Manoj Vaibhav Gems 'N' Jewellers IPO opens on 22 September. To know more and apply for these IPOs, click here.
In other news
Meta-owned messaging platform WhatsApp has roped in online payment solutions companies Razorpay and PayU to enable users to pay businesses via cards, UPI and more.
Saddled by an exodus of pilots, the newly launched budget carrier Akasa has received some good news. The low-budget airline has got the government's nod to fly on international routes.
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