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Business News/ Markets / Live Blog/  Indices end in red, Sensex slips 168 pts; Auto drags, Media shines
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Indices end in red, Sensex slips 168 pts; Auto drags, Media shines

24 min read . Updated: 07 Sep 2022, 03:46 PM IST
Vijay Kishore

Share Market Close: Indices remained volatile on Wednesday and ended in the red. Sensex closed at 59,028 and Nifty at 17,624. Auto and Bank indices were lacklustre. Shree Cement gained more than 8% in today's trading. Bajaj Auto and Tata Motors dragged.

Stock Market Today: Global cues still remain bleak (Photo: Mint)Premium
Stock Market Today: Global cues still remain bleak (Photo: Mint)

Asian stocks tracked Wall Street and most of the indices lost ground on Wednesday. Mainland China closed flat despite the news of sagging export and stagnant import indicating a slowdown. Europe also was trading in red in the morning session.

07 Sep 2022, 07:25:10 AM IST

Wall Street stocks drift lower, extending losses into 4th straight week

Stocks closed lower on Wall Street Tuesday, extending the market's losses into a holiday-shortened week.

The S&P 500 fell 0.4% after bouncing between a gain of 0.5% and a loss of 1%. The Dow Jones Industrial Average fell 0.6% and the Nasdaq lost 0.7%.

The major indexes are coming off their third losing week in a row, part of a late-summer slump that erased much of the benchmark S&P 500's gains from July and early August.

Stocks have been losing ground as the Federal Reserve has indicated it will not let up anytime soon on raising interest rates to bring down the highest inflation in decades.

In addition, Wall Street is grappling with worries about a brewing energy crisis in Europe and the implications it could have for the global economy and corporate profits. (AP)

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