Share Bazaar declines for fourth consecutive day, Sensex drops 247 points, NIFTY also broken
Share market update news: The local stock market declined in the fourth consecutive trading session on Monday and the BSE Sensex lost 247 points. At the same time, the National Stock Exchange’s Nifty broke 68 points. The market was in the market loss due to selling in IT shares and capital withdrawal of foreign institutional investors. Asian paints in the Sensex companies declined by 1.58 percent. Apart from this, shares of Tech Mahindra, Bajaj Finance, Infosys, HCL Tech, Tata Consultancy Services, Larsen & Toubro and Tata Motors were also lost.
The BSE Sensex based on thirty stocks closed at 82,253.46 points, declining 247.01 points, or 0.30 percent. During the trading, at one time it fell 490.09 points to 82,010.38 points. The Nifty, a fifty -shared National Stock Exchange, also closed at 25,082.30 points with a decline of 67.55 points, or 0.27 percent.
Also Read: Share Market: Sensex 288 points broken under selling, NIFTY also remained in loss
In four trading sessions from July 9, the Sensex has come down to about 1,460 points i.e. 1.75 percent and the Nifty 440 points, or 1.73 percent. Asian paints in the Sensex companies declined by 1.58 percent. Apart from this, shares of Tech Mahindra, Bajaj Finance, Infosys, HCL Tech, Tata Consultancy Services, Larsen & Toubro and Tata Motors were also lost.
On the other hand, shares in profit include the Internal (East Zomato), Titan, Mahindra & Mahindra and ITC. According to the stock market data, foreign institutional investors (FIIs) sold shares worth Rs 5,104.22 crore on Friday. However, midcap related to medium companies and smallcap index related to small companies increased by 0.71 percent and 1.04 percent respectively.
Also Read: Share Bazaar for the third consecutive day, Sensex 1000 points jumped, Nifty also strengthened 304 points
Jiojit Investments Ltd. Research head Vinod Nair said, the domestic market continued to decline. The reason for this is a mild beginning of concern over fees and quarterly financial results of companies. In such a situation, investors are showing more sensitivity to business amidst a three -year high evaluation.
He said that although, the areas associated with healthcare, realty, consumer and thinking spending are going on sharp-based proceedings, while in the financial year 2025-26, the risk of fall in income has affected the performance of information technology companies.
According to the Commerce Ministry official, a team of Indian officials has reached the US for another round of talks on bilateral trade agreement with the US. In the Asian markets, South Korea’s Cappey, China’s Shanghai Composite and Hong Kong’s Hang Seng remained in a positive realm, while Japan’s Nikki closed down. There was a decline in the afternoon trading in the major markets of Europe. The American markets were closed on Friday.
Also Read: Share Bazaar for the third consecutive day, Sensex 1000 points jumped, Nifty also strengthened 304 points
According to government data, the wholesale inflation rate (WPI) on Monday declined to 0.13 percent in June after 19 months. Mainly the fall in food items and fuel prices led to a decline in wholesale inflation. Global oil benchmark brant crude rose 0.99 percent to $ 71.06 per barrel. The Sensex had broken 689.81 points on Friday, while the Nifty fell by 205.40 points. (Language)
Edited by: Chetan Gour
