India Pak tension declines in Share Bazaar for the second consecutive day, Sensex 589 and Nifty 207 points dropped
Share Bazaar News: Axis Bank (Axis Bank) recorded a significant decline in the major indices Sensex and Nifty of the local stock market on Friday amidst selling and increasing stress on the Indo-Pak border. The BSE’s 30 -share standard index Sensex lost 588.90 points, or 0.74 percent, closed at 79,212.53 points, losing the initial lead. At one time during trading, it fell 1,195.62 points to 78,605.81 points.
The Nifty continued to decline for the second day: The National Stock Exchange (NSE) index Nifty continued to decline for the second day and it fell 207.35 points, or 0.86 percent to close at 24,039.35 points. Vinod Nair, Head of Research Limited, Giyoned Investment Limited, said investors have created a vigilant perception amid increasing tension on the Indo-Pak border. Midcap and smallcap shares were seen selling due to a sluggish start of high evaluation and quarterly results.Also Read: Share Bazaar: Sensex 1000 points broken by Pahalgam attack, NIFTY also below 24000 levels
Shares of these major companies fluctuate: The Sensex shares led to the greatest decline in Adani Ports, Axis Bank, Eaterial (Zomato), Bajaj Finserv, Power Grid, Maruti, Bajaj Finance, Tata Motors, Tata Steel and NTPC. On the other hand, the shares of Tata Consultancy Services, Infosys, Tech Mahindra, UltraTech Cement, IndusInd Bank, Hindustan Unilever and ICICI Bank closed with a gain.
Index declines due to increasing stress with Pakistan: Ajay Garg, Chief Executive Officer of SMC Global Securities, said that the index was seen declining due to increasing tension with Pakistan despite the Nifty opening at a high level on Friday. Garg said that along with geopolitical stress, the market declined due to profit-booking of investors.ALSO READ: After 2 days of rise in the stock market, what is the condition of the Sensex?
In Asian and American markets: Other markets in Asia, South Korea’s Cappey, Japan’s Nikkei and Hong Kong’s Hangseng closed up. China’s Shanghai composite closed with a slight decline. Europe’s markets were trading with an edge in the afternoon session. The American markets closed on Thursday.ALSO READ: Stock market entangled in Trump Tariff’s trap, index covered the loss, what to investors?
FII bought shares worth 8,250.53 crores: According to stock market data, foreign institutional investors (FIIs) on Thursday bought shares worth Rs 8,250.53 crore. Global Oil Standard Brent crude ((Brent Crude) fell 0.50 percent to $ 66.24 per barrel. (Language)
Edited by: Ravindra Gupta
