Share market update news: The local stock market declined on Thursday and the BSE Sensex fell 543 points while NSE Nifty was at a loss of 158 points. The market declined due to profits in shares of major companies and continuing capital withdrawal of foreign institutional investors. Sensex companies were in the loss of Trent, Tech Mahindra, Bajaj Finserv, Reliance Industries, Infosys, Kotak Mahindra Bank, HCL Technologies and NTPC. The Sensex closed up to 539.83 points on Wednesday while the Nifty had strengthened 159 points.
Despite the positive start, the 30 -share BSE Sensex could not maintain this speed and later declined. The Sensex closed at 82,184.17 points with a decline of 542.47 points, or 0.66 percent. During the trading, it was rolled up to 679.42 points at one time. The shares listed in the BSE declined by 2,410 shares while 1,645 shares were up. The prices of 166 remained unchanged there.
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Fifty -shared NSE Nifty also closed at 25,062.10 points with a decline of 157.80 points, or 0.63 percent. Sensex companies were in the loss of Trent, Tech Mahindra, Bajaj Finserv, Reliance Industries, Infosys, Kotak Mahindra Bank, HCL Technologies and NTPC.
On the other hand, profit -residing stocks include the Internal (east Zomato), Tata Motors, Sun Pharma, Tata Steel and Titan. Infosys shares declined by one percent. After the June quarter financial results, the company shares continued to serve a series of profit booking.
In other markets in Asia, South Korea’s Cospie, Japan’s Nikki, China’s Shanghai Composite and Hong Kong’s Hangseng closed in a positive realm. There was a boom in the afternoon trading in the major markets of Europe. The US markets closed with an edge on Wednesday.
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Jiojit Investments Ltd. Research head Vinod Nair said, despite positive global signs, the Indian stock markets declined drastically. Vigilance was replaced by the initial positive impact on the Indo-Britain Free Trade Agreement as investors are now focused on the quarterly results of companies.
He said, he said the shares of large companies connected with IT and FMCG (daily use goods) were lost due to the light performance of the first quarter. Although the results of the first quarter are roughly fine, it does not justify more evaluation….
India and Britain signed the Free Trade Agreement (FTA) on Thursday. This will reduce the fee on UK’s whiskey, car and many items. Also, bilateral trade will increase by about $ 34 billion annually. The agreement was signed by Commerce Minister Piyush Goyal and UK Business Minister Jonathan Reynold. Prime Minister Narendra Modi and British Prime Minister Care Stmper were also present on the occasion.
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According to Indian officials, 99 percent of Indian exports are expected to benefit from FTA. This will make it easier for British companies to export whiskey, cars and other products to India. Also, total trade will be boosted.
Ajit Mishra, Senior Vice President (Research), Railorgear Broking Limited, said, “The market was under pressure on the weekly end of the deals in the futures and options segment … After a stable start, mainly after the results of Infosys, IT companies continued to have a continuous weak trend and recent boom in the shares of private banks due to profit -booking due to profit -booking and more than half a percentage fall in the shares of private banks and the end of half percent in the shares after recent boom Closed at 25,062.10.
The BSE Smallcap index connected to small companies fell down 0.50 percent and the midcap belonging to the middle companies broke 0.43 percent. According to the stock market data, foreign institutional investors (FIIs) sold shares worth Rs 4,209.11 crore on Wednesday.
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However, domestic institutional investors (DIIs) bought shares worth Rs 4,358.52 crore in the last business. Global oil standard brent crude rose 1.24 percent to $ 69.36 per barrel. The Sensex closed up to 539.83 points on Wednesday while the Nifty had strengthened 159 points. (Language)
Edited by: Chetan Gour
