After posting gains earlier in the day, the stock markets turned negative in the second half on Wednesday, October 9. The BSE Sensex closed 167 points lower at 81,467, while the NSE Nifty ended down by 31 points at 24,982. Companies such as Trent, Cipla, Tata Motors, SBI, and Maruti Suzuki recorded gains, whereas ITC, Nestle, Reliance Industries, ONGC, and HUL saw declines.
Most sectors, apart from FMCG and Oil & Gas, managed to hold marginal gains. Over 180 stocks, including Akzo Nobel, Bosch, Cipla, Coforge, Divis Labs, Dixon Technologies, Glenmark Pharma, Hitachi Energy, Infosys, Ipca Labs, Lloyds Metals, MCX India, Page Industries, Polycab India, Symphony, Torrent Pharma, Torrent Power, and Trent, reached fresh 52-week highs.
In commodity markets, jewelry prices, which had recently hit new highs, dropped on Wednesday. Gold prices fell by Rs 70 per gram to Rs 7,030, while a 10-gram bar of gold was priced at Rs 56,240. Silver also saw a decrease of Rs 2 per gram, bringing the price to Rs 100 per gram. The price of a kilogram of silver dropped by Rs 2,000 to Rs 1,00,000. Please note that these prices include a 3% GST, with additional commission and damage fees varying by store