Sensex,Nifty end lower after Tata Sons chairman Chandrasekaran's exit

The domestic share market ended lower for the second consecutive day on Wednesday, as selling pressure intensified in Tata Group stocks following N Chandrasekaran's decision to step down as Tata Sons chairman.At close, the Sensex was down 187.90 points, or 0.24%, at 77,966.35, while the Nifty fell 35.75 points, or 0.15%, to 24,435.95.
Hindalco, Bharti Airtel, SBI, Jio Financial, UltraTech Cement were the top gainers on the Nifty, while losers included TCS, Max Healthcare, Apollo Hospitals, M&M, Tata Steel.On the sectoral front Nifty PSU Bank rose 2.05%, Nifty Media gained 1.05%, Nifty Bank advanced 0.77% and Nifty Metal added 0.54%. On the other hand, Nifty IT fell 1.54%, India VIX declined 1.43% and Nifty FMCG slipped 0.73%.The broader market ended mixed, with the Nifty Midcap 100 rising 0.3%, while the Nifty Smallcap 100 ended marginally lower.
Rupee Close:
On 12 Aug'26,the Indian rupee rises 3 paise to close at 95.33 against the US dollar on Wednesday as hopes of a quick US-Iran agreement and reopening of the Strait of Hormuz faded.Forex traders said Brent crude is moving towards $90 per barrel amid risk aversion in global markets.
Trading Guide:
Market experts recommended five breakout stocks to buy on Wednesday — Affle 3i, Dynamic Cables, Thyrocare Technologies, Sanathan Textiles, and Aether Industries.

(Business Correspondent)