Sensex Sheds 187 Points As Global Cues And Oil Prices Weigh

Indian benchmark equity indices concluded Wednesday's trading session on a cautious note, primarily influenced by elevated crude oil prices and mixed global cues. The BSE Sensex closed at ₹77,966.35, registering a decline of 187.90 points, or -0.24%. The Nifty 50 traded under pressure throughout the day, remaining subdued amidst sectoral headwinds and global uncertainty.

During the session, selective buying interest emerged in metal and banking stocks, with the Nifty Metal index rising approximately 1.16%. Conversely, sectors like IT, healthcare, and FMCG faced selling pressure, with the Nifty FMCG index declining by approximately 0.58%. The Indian Rupee depreciated against the U.S. dollar, falling approximately 6 paise to trade at approximately 95.42, pressured by Brent crude prices nearing $90 per barrel.

The India VIX remained subdued at approximately 11.78, indicating that market volatility has stayed contained after the sharp increases recorded in July. Investors are now shifting focus toward upcoming macroeconomic data releases. Watch: India's retail inflation print for July due later today; Nifty weekly expiry on Thursday.