Sensex ends nearly 700pts below day’s high and below 16,000: Rupee hits record low

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: Indian equity benchmarks BSE Sensex and NSE Nifty50 rose on Wednesday, rejecting mixed moves in global markets as growing signs of a recession in the US kept investors cautious. Gains in financials, consumer staples and IT stocks lifted major indexes, although losses in oil and gas names capped gains. Broader markets also rallied, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising nearly one percent in early trade. Investors were expecting more corporate earnings from India Inc on domestic cues, a day after HCL Tech reported results.

First published: July 13, 2022, 7:58 AM FRIEND

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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!