Domestic Indices were influenced by the weakening rupee and increasing crude oil and gas prices on Wednesday in the share market which witnessed selling led by Metal and Realty companies.
The 30-share pack Sensex fell 555.15 points or 0.93 per cent to close at 59,189.73 points while NSE Nifty declined 176.30 points or 0.99 per cent to 17,646.
Hindustan Copper went up 4 per cent as Vedanta was to raise stake. Chevlot Company fell one per cent after Vijay Kedia sold stake, ONGC extended its gains on rising crude prices, up 2 per cent. India VIX, a barometer of volatility and fear, went down 6 per cent.
The spirit of the investors in Dalal Street dampened following reports that Indian Power plants have just four days of coal left. India depends on coal for 75 per cent of its electricity needs and if the demand is not met then it might affect the business climate in the country.
Among the top companies, Tata Consumer was the topmost gainer, rising 2.48 per cent. The other gainers included ONGC, UPL, Britannia Industries, HDFC Bank, Bharat Petroleum, HDFC and Bajaj Finance.
In the Nifty pack, the topmost loser was Hindalco Industries falling 4.10 per cent. SBI Life Insurance, IndusInd Bank, Tata SteelJSW Steel and Coal India also ended in the Red.
Broader Market indices ended lower keeping in line with their headline peers. Nifty Smallcap dropped 0.83 per cent while Nifty Midcap fell 0.83 per cent.Nifty 500, the broadest index on NSE, came down 0.95 per cent.
The Market breadth was in favour of losers as 1443 stocks ended in the green while 1847 others settled with cuts. About 300 securities hit the 52-week highs, mostly from the smallcap space. A total of 13 companies hit the 52-week lows mostly from microchip space. A total of 420 stocks hit the upper circuit limits and 180 touched the lower circuit limits.
