On Wednesday, September 18, the Indian stock market ended the afternoon session with a slight decline after reaching an all-time high earlier in the day. The BSE Sensex closed 131 points lower at 82,948, while the NSE Nifty slipped 41 points to settle at 25,377. Despite a strong rally in the morning, the markets failed to hold onto gains and closed in the red by the end of the session. Major IT stocks, including TCS, HCL Technologies, Infosys, Tech Mahindra, and Wipro, saw significant declines. However, gains were observed in stocks like Wipro, Bajaj Finance, Shriram Finance, and ICICI.
Sectors such as automobiles, metals, pharmaceuticals, and oil and gas recorded losses of 0.5% to 1%.
Meanwhile, in the bullion market, the price of 22-carat gold in Chennai dropped by ₹120 per sovereign, selling at ₹54,800. Gold prices per gram fell by ₹15 to ₹6,850. Silver prices also declined by ₹1, bringing it to ₹96 per gram, while bullion silver dropped to ₹96,000 per kilogram. Shoppers should note that a 3% GST is applicable on gold and silver purchases, and additional fees may vary between stores.”