Share Bazaar declines for the second consecutive day, Sensex drops 271 points, NIFTY also broken
Share Market Update: The local stock market declined in the second consecutive trading session on Monday and the BSE Sensex broke 271 points. At the same time, the Nifty also fell at 24,945.45 points with a decline of 74.35 points, or 0.30 percent. The market came down by selling IT and bank shares with a global weak trend amidst the US ratings of Moody’s ratings. The American markets closed on Friday. Global oil standard Brent crude fell 0.41 percent to $ 65.14 per barrel. According to stock market data, foreign institutional investors (FIIs) on Friday bought shares worth Rs 8,831.05 crore.
The BSE Sensex based on thirty stocks closed at 82,059.42 points, declining 271.17 points, or 0.33 percent. During the trading, it was rolled up to 366.02 points at one time. The Nifty of the National Stock Exchange also closed at 24,945.45 points with a decline of 74.35 points, or 0.30 percent.
Also Read: Share Bazaar’s fast break, Sensex 200 points broken, NIFTY also declined in NIFTY
The Sensex companies were in the loss of Internal (formerly Jomato), Infosys, Tata Consultancy Services, Tech Mahindra, Reliance Industries, Asian Paints, HCL Tech and Adani Ports. On the other hand, profit -residing stocks include Power Grid, Bajaj Finance, NTPC, State Bank of India and IndusInd Bank. Realty, medicine and vehicle stocks were rapid, while IT shares remained in loss.
Mehta Equality Ltd. Senior Vice President (Research) of Prashant Tapse, said, “Investors made profits in IT, capital goods and oil and gas stocks amid a weak trend in Asian and European markets.” Due to this, most of the time during the trading was the market loss. He said that some uncertainty among investors also increased due to the reduction of Moody’s weekend American’s credibility.
Also Read: Stormy boom in Share Bazaar, Sensex 1200 points jumped, Nifty also crosses 25 thousand
Lemon Markets Desk Analyst Gaurav Garg said, the Indian stock markets continued to decline for the second consecutive day on Monday. The market declined due to weak global signals, heavy selling in IT stocks and increasing instability. He said that Moody’s, citing a loan of $ 36,000 billion on the US, has reduced its rating to ‘AA1’. This affected the notion of investors.
The BSE Smallcap index connected to small companies rose 0.75 percent while the midcap belonging to medium companies was in profit of 0.27 percent. In the Asian markets, South Korea’s Cappey, Japan’s Nikki and Hong Kong’s Hangseng remained in disadvantage, while China’s Shanghai composite was in profit.
Also Read: Share Bazaar: Stock market declines after record boom, Sensex 1282 and Nifty 346 points dropped
There was a decline in the afternoon business in the major markets of Europe. The American markets closed on Friday. Global oil standard Brent crude fell 0.41 percent to $ 65.14 per barrel. According to stock market data, foreign institutional investors (FIIs) on Friday bought shares worth Rs 8,831.05 crore. (Language)
Edited by: Chetan Gour
