Sensex Today: Equity markets roiled under global pressure on Wednesday after rating agency Fitch downgraded credit rating of the US to AA+ from AAA. The S&P BSE Sensex crashed over 1,000 points intra-day before closing at 65,783, down 677 points or 1 per cent. The Nifty50, on the other hand, hit a low of 19,423 before shutting at 19,527, down 207 points or 1.05 per cent.
In today’s fall, investors’ wealth eroded by Rs 3.56 lakh crore, as the market capitalisation of BSE-listed companies slipped to Rs 303.24 lakh crore, from Rs 306.80 lakh crore in the previous session.
The biggest losers on the Nifty were Hero MotoCorp, Tata Motors, Tata Steel, NTPC and Bajaj Finserv, while gainers were Divis Labs, Nestle India, HUL, Tech Mahindra and Asian Paints.
All the sectoral indices ended in the red with capital goods, PSU Bank, power and metal down 2 percent each, while auto, bank, realty and oil & gas down 1 percent each.
The BSE Midcap and Smallcap indices shed 1 percent each.
Global Cues
Elsewhere in Asia, Japan’s Nikkei 225 led losses with a cut of 1.21 per cent. South Korea’s Kospi fell 0.64 per cent, Australia’s S&P/ASX 200 dropped 0.67 per cent, and Hong Kong’s Hang Seng index shed 0.9 per cent.
In the US, the Dow Jones Industrial Average settled 0.2 per cent higher on Tuesday, while the S&P 500 lost 0.27 per cent and the Nasdaq Composite was down 0.43 per cent.
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