Sensex, Nifty End in Red; Auto Drags, Media Shines

Indian benchmark indices Sensex and Nifty ended in the red on Wednesday, dragged by the auto sector. The Sensex fell 168 points to close at 59,028, while the Nifty declined 31 points to 17,624.

The auto sector was the worst performer, with shares of Bajaj Auto and Tata Motors falling by more than 2% each. The media sector was the top gainer, with shares of Zee Entertainment and TV18 Broadcast rising by more than 3% each.

Analysts’ Take:

Analysts said that the market was volatile on Wednesday as investors remained cautious about the global economic outlook. They said that the market is likely to remain volatile in the near term, as investors will be closely monitoring the developments in the global economy.

What to Watch:

Investors will be watching the following factors in the coming days:

• The outcome of the US Federal Reserve’s meeting on interest rates.
• The release of US economic data, including the non-farm payrolls report.
• The progress of the Russia-Ukraine war.

Conclusion:

The share market ended in the red on Wednesday, dragged by the auto sector. Investors remained cautious about the global economic outlook. The market is likely to remain volatile in the near term.