Share Market Update: The local stock markets closed down on Thursday under the pressure of selling signs of weakness in global markets. The Sensex was in loss of 645 points while the Nifty fell by 204 points. Among the companies in the Group of Sensex, Mahindra & Mahindra, Bajaj Finserv, Tech Mahindra, Power Grid, ITC, Hindustan Unilever, Reliance Industries and Maruti recorded the biggest decline. According to analysts, the increase in bond returns and the impact of debt concerns in the US was seen on Indian markets.
The BSE’s 30 -share standard index Sensex fell 644.64 points, or 0.79 percent, to close at 80,951.99 points. At one time during trading, it fell 1,106.71 points to 80,489.92 levels. The National Stock Exchange (NSE) standard index Nifty also fell at 203.75 points, or 0.82 percent, to close at 24,609.70 points.
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Among the companies in the Group of Sensex, Mahindra & Mahindra, Bajaj Finserv, Tech Mahindra, Power Grid, ITC, Hindustan Unilever, Reliance Industries and Maruti recorded the biggest decline. On the other hand, IndusInd Bank, Bharti Airtel and UltraTech cement closed with an increase.
Vinod Nair, Head of Research Limited, Jeepy Investment Limited, said, the proposed budget bill in the US saw a decline in the standard indices due to the possibility of increasing the national loan and the possibility of bonding. A major credit rating agency also reduced the US debt scenario widely sold in Asian markets.
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Other markets in Asia, South Korea’s Korea, Japan’s Nikki 225, China’s Shanghai Composite and Hong Kong’s hangs closed down. Europe markets were also trading within a negative scope. The American markets closed down with a significant decline on Wednesday. Global oil standard Brent crude fell 1.37 percent to $ 64.02 a barrel.
Foreign institutional investors (FIIs) again became buyers again on Wednesday after a gap of one day. According to the stock market data, FII bought shares worth Rs 2,201.79 crore. BSE Sensex rose 410.19 points to 81,596.63 points on Wednesday and NSE Nifty climbed 129.55 points to close at 24,813.45. (Language)
Edited by: Chetan Gour
