Top 5 stocks of the day: The changes in the Nifty 50 Index were aided by ITC Ltd., Sun Pharmaceutical Industries Ltd., TCS Ltd., Titan Co., and Maruti Suzuki India Ltd. However, the change was being severely impacted by HDFC Bank Ltd., ICICI Bank Ltd., HDFC Ltd., Adani Enterprises Ltd., and Reliance Industries Ltd.
Top 5 stocks of the day: Top gainers & losers in closing trade
Sudarshan Chemical Industries
440.00
46.70(11.87)
Deepak Nitrite
2135.10
185.05(9.49)
Indiabulls Real Estate
62.85
5.00(8.64)
Engineers India
108.55
7.85(7.80)
NBCC (India)
43.30
3.05(7.58)
Adani Enterprises
2475.60
-158.10(-6.00)
Cummins India
1595.30
-89.40(-5.31)
Alstom T&D India
198.30
-10.40(-4.98)
Future Consumer
1.00
-0.05(-4.76)
Rajesh Exports
556.70
-26.15(-4.49)
European shares slump 1% as global risk mood sours
On Wednesday, more selling pressure hit European stock markets as risk sentiment was harmed by a lack of progress in the US debt ceiling talks, an increase in UK core inflation, and additional losses in market-dominant luxury names.
By 0718 GMT, the STOXX 600 index for all of Europe had dropped 1.1% to almost three-week lows, with all regional markets trading in negative territory.
A lack of movement in the U.S. debt-limit negotiations caused market concerns, which led to a significant decline in Wall Street stocks on Tuesday and an increase in short-term Treasury yields.
Oil prices rise as much as $1 on concerns over tightening supply
After U.S. fuel and inventory supplies tightened and a warning from the Saudi energy minister to speculators raised the possibility of additional OPEC+ output restrictions, oil prices reduced their gains on Wednesday but remained strongly bid.
By 0645 GMT, Brent crude futures had recently risen 74 cents, or 1%, to $77.58 per barrel, while WTI had risen 84 cents, or 1.2%, to $73.75 per barrel in the United States.
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