Share market update news: The local stock market declined on Wednesday and the BSE Sensex lost 176 points due to selling in IT and oil and gas stocks. At the same time, the Nifty also fell at 25,476.10 points with a decline of 46.40 points, or 0.18 percent. Sensex companies were in the loss of HCL Tech, Tata Steel, Tech Mahindra, Reliance Industries, Bharat Electronics and ICICI Bank. Investors took a cautious stance before the global stance globally and the results of companies. The Sensex rose 270.01 points on Tuesday while the Nifty was gaining 61.20 points.
The Sensex based on thirty stocks closed at 83,536.08 points, declining 176.43 points, or 0.21 percent. It was broken up to 330.23 points at one time during trading. The National Stock Exchange’s Nifty also fell 46.40 points, or 0.18 percent, to close at 25,476.10 points. Sensex companies were in the loss of HCL Tech, Tata Steel, Tech Mahindra, Reliance Industries, Bharat Electronics and ICICI Bank. On the other hand, profitable shares include Bajaj Finance, Hindustan Unilever, UltraTech Cement and Power Grid.
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Jiojit Investments Ltd. The research head of research Vinod Nair said, the Indian stock market remained in a limited range … Despite the global trade tension and duty, investors’ focus is moving towards factors affecting the financial results and structural growth of domestic companies. This includes possible improvement in urban demand and boom in infrastructure expenditure.
The US has postponed the counter duty till August 1. The US Financial Research Company Viceroy Research in its report has spoken of serious risk for industrialist Anil Aggarwal’s mining group in a ‘financially critical status’ and a serious risk for financial institutions that give it loans. Due to this, the share of Vedanta, the major mining company Vedanta, lost 3.38 percent in BSE to close at Rs 440.80.
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Describing all these allegations as ‘select misleading information and baseless’, Vedanta said that the motive behind it is to discredit the group. South Korea’s Cappey and Japan’s Nikki lead in Asian markets, while China’s Shanghai Composite and Hong Kong’s Hangseng declined. There was a boom in the afternoon trading in the major markets of Europe. The US markets closed with a steady trend on Tuesday.
Global oil standard brent crude rose 0.51 percent to $ 70.51 per barrel. According to the stock market data, foreign institutional investors (FIIs) sold shares worth Rs 26.12 crore on Tuesday. However, domestic institutional investors (DIIs) bought shares worth Rs 1,366.82 crore. The Sensex rose 270.01 points on Tuesday while the Nifty was gaining 61.20 points. (Language)
Edited by: Chetan Gour
