Stock market starts missing due to Middle East stress, Sensex-Nifty closed at a slight increase
The domestic stock market lost the initial rise of the session on Tuesday due to affecting investors’ perception after new tension in the Middle East. In the initial time of the BSE Sensex session, 1100 points slipped from high to 158.32 points to close at 82,055.11. Similarly, NSE Nifty also ran at a level of 25,044.35 with a slight rise of just 72.45 points. The Sensex was the highest profit in the Sensex, Tata Steel, Kotak Mahindra Bank, UltraTech Cement, Bajaj Finserv and Titan. In contrast, Power Grid, Trent, NTPC, Maruti, HCL Tech and Bharat Electronics lagged behind.
Which sector shares have a big stir
The Nifty PSU bank index gained 1.4 percent in the sector -wise gains shares, while the Nifty metal recorded a 1.2 percent increase. Apart from Ilke, Nifty Bank, Auto, Private Bank and Consumer Durables also saw a boom. Each of them recorded a 0.7 percent increase. The declining shares recorded a 1 percent decline in Nifty media. Foreign institutional investors (FIIs) sold shares worth Rs 1.50 crore. According to exchange data, the stock market jumped Rs 1,874.38 crore on Monday, while domestic institutional investors (DIIs) bought shares worth Rs 5,591.77 crore.
Initial growth in domestic market was short -lived
According to PTI news, the initial growth in the domestic market was short-lived due to the declaration of ceasefire and a sharp fall in crude oil prices, as new geopolitical stress in the Middle East made investors the feelings of investors unstable. Volatility increased due to the dynamics of the end day to increase uncertainty. Vinod Nair, head of research limited Investment Limited, said that although the market tried to get out of its recent consolidation limits, there are constant global risk speed.
Asian Market and Crude Oil
In the Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite Index and Hong Kong’s Hong Seng closed quite up. European markets were trading with an edge in the middle session trading. On Monday, the US markets closed in a positive sector. On the other hand, global oil benchmark Crunt crude fell 3.20 percent to $ 69.13 per barrel.
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