India's stock market took a dive once again. After the first two days of this week, Wednesday witnessed Dalal Street decline for the third consecutive day. Although some recovery was seen in the morning, the Sensex and Nifty fell once again by the end of the day. The indices remained volatile throughout the day. The IT and banking sectors saw the biggest impact.
BSE fell 275.01 points, reaching at 84391.27 points. Meanwhile, Nifty 50 dropped 81.65 points to settle at 25758 points.
According to media reports, Vinod Nair, Research Head at Geojit Investment Limited, said that Japanese Bond yields are rising and the Bank of Japan is taking several strict measures in the economic sector, which is creating market volatility. Its impact is also being felt in emerging markets like India. Everyone is also looking towards America's Fed meeting, according to him. Nair also stated that a 25 bps rate cut is expected. However, with the way various economic indicators are suggesting, hopes for rate cuts may arise again in 2026. Its impact is also being felt in India's market. Continuous foreign investment outflow is creating pressure. Similarly, the weakening of the rupee against the dollar is also creating problems.
On this day, despite the market's decline, some company stocks still generated profits. Among them is Tata Steel, which rose about 1% today. Besides, Sun Pharmaceuticals, ITC, and NPTC showed slight gains. Reliance's share price also increased.
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On the other hand, significant declines were seen in several well-known company stocks. Among them is Eternal. This stock's price fell by 2.86%. Trent dropped by 1.66%. Bharti Airtel's share price also fell more than 1%. Infosys and UltraTech Cement were also hit.
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