Sensex Slides 326 Points In Late Trade, Nifty Stays Below 24,100

Mumbai: In Wednesday's late trading session, India's stock markets found themselves grappling with pressure, with both the BSE Sensex and NSE Nifty 50 closing below their previous day's closing levels. By 3:32 pm, the Sensex was trading at 76,909.68, a decline of 325.78 points, or 0.42 per cent, from its previous close of 77,235.46.

The Nifty 50, on the other hand, was at 24,078.30, down 76.60 points, or 0.32 per cent, from its prior close of 24,154.90. Both indices had started the day close to their previous closing rates, but early gains were short-lived. Despite attempts to recover, the indices struggled to maintain upward momentum throughout the trading day.

The Sensex began at 77,218.05, peaking at 77,347.81 before slipping back and touching a low of 76,822.89, remaining mostly below the 77,000 mark for most of the afternoon. The index showed a slight recovery near the end of trade. The Sensex fluctuated within a range of approximately 525 points during the session, with a 52-week high of 86,159.02 and a 52-week low of 71,545.81.

Meanwhile, the Nifty opened at 24,152.05 and climbed to a high of 24,172.85 before succumbing to selling pressure and dropping close to the 24,050 mark during the morning. The index lingered in a narrow range for the majority of the afternoon, and recovered slightly to 24,078.30 near 3:31 pm. The Nifty's 52-week high is 26,373.20, and its 52-week low is 22,182.55.

Throughout the trading session, concerns over Hormuz continued to influence the market, contributing to the overall weakness and keeping both indices in negative territory. Although both indices bounced back from their intraday lows, they were unable to regain their previous day's closing levels. The final closing figures might differ from the late-trade levels presented in the market snapshots.