Stock Market News: Due to mixed global cues and a short trading week due to Christmas holidays, the domestic stock market witnessed a sluggishness on Wednesday and after a day of volatile trading, major indices closed with losses. BSE’s 30-share Sensex fell 116.14 points or 0.14 percent to close at 85,408.70 points, while during trading it reached a high of 85,738.18 points and also touched a low of 85,342.19 points. Similarly, NSE’s Nifty 50 also closed at 26,142.10 points with a decline of 35.05 points or 0.13 percent.
stock market crash
Among the constituent companies of Sensex, there was weakness in the big stocks like InterGlobe Aviation, Sun Pharma, Asian Paints, Reliance Industries, Hindustan Unilever and Tata Steel, while the shares of Trent, UltraTech Cement, Maruti Suzuki and Power Grid showed strength. Talking about Asian markets, South Korea’s Kospi and Japan’s Nikkei closed with a decline, while China’s Shanghai Composite and Hong Kong’s Hang Seng remained in the lead.
European markets saw a slight rise during afternoon trading, while American markets closed with a positive trend on Tuesday. Vinod Nair, Head of Research, Geojit Investments Limited, said that in this week of limited trading session due to holidays, the Indian market remained within a range and investors appeared cautious.
RBI took steps
He also said that the measures to increase liquidity recently announced by the Reserve Bank of India can help in improving the liquidity position in the banking system and controlling the fluctuations in the rupee. It is noteworthy that to increase liquidity in the banking system, RBI has announced the purchase of government bonds worth Rs 2 lakh crore and dollar-rupee swap of $ 10 billion, which will be implemented between December 29, 2025 and January 22, 2026.
If we look at the data of investors, on Tuesday, foreign institutional investors sold shares worth Rs 1,794.80 crore, while domestic institutional investors bought shares worth Rs 3,812.37 crore. In the international market, the price of Brent crude increased by 0.18 percent to $ 62.49 per barrel. Earlier on Tuesday, Sensex had fallen by 42.64 points at 85,524.84 points and Nifty had closed at 26,177.15 points with a slight gain of 4.75 points.
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