Share market update news: Selling pressure in shares of information technology and telecom companies led to a decline in the local stock market for the second consecutive day and the BSE Sensex was in a loss of 345 points. At the same time, the National Stock Exchange’s Nifty lost 121 points. Investors took a cautious stance before the quarterly results of the companies. In addition, the assumption of investors in the market was also affected due to fee uncertainties. The BSE Sensex was broken 176.43 on Wednesday, while the NSE Nifty fell by 46.40 points.
The BSE Sensex based on thirty stocks closed at 83,190.28 points with 345.80 points, or 0.41 percent, at 83,190.28 points. During the trading, it came down to 401.11 points at one time. 2,064 shares of BSE declined, while 1,959 shares increased.
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There was no change in the value of 138 shares. Similarly, the Nifty, a 50 -share National Stock Exchange, closed at 25,355.25 points with a decline of 120.85 points, or 0.47 percent. However, a positive attitude in the global stock markets curb the loss in the domestic market.
Jiojit Investments Ltd. The Indian stock market closed down due to a weak trend in IT shares before the TCS’s first quarter results, “said Vinod Nair said. The attitude of investors remains cautious before the results of the first quarter due to the possibility of weakening of IT and finance sector.
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Sensex shares led to the decline in shares of Bharti Airtel, Asian Paints, Infosys, Bharat Electronics, Tech Mahindra and the Internal (East Jomato). On the other hand, profitable shares include Maruti, Tata Steel, Bajaj Finance, Bajaj Finserv and Trent.
Lemon Markets Desk analyst Gaurav Garg said, “Investors are taking a vigilant stance before the financial results of the companies in the first quarter of US President Donald Trump and the financial results of companies in the first quarter of FY 2025-26. This led to a decline in the market…. The BSE Midcap index belonging to Majholi companies fell 0.28 percent, while the BSE smallcap connected to small companies rose by 0.12 percent.
A government official said on Thursday that a team of the Ministry of Commerce of India will soon go to America for another round of talks on the proposed trade agreement to resolve differences in areas like agriculture and vehicles.
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This journey is important because the US has extended additional import duty (it is 26 percent in India’s case) to August 1. India is demanding the removal of this additional fee. Other markets in Asia rose to South Korea’s Korea, China’s Shanghai Composite and Hong Kong’s Hangseng lead, while Japan’s Nikki declined. Most of the afternoon trading in the major markets of Europe was a boom. The US markets closed in a positive realm.
According to the data of Yer Bazaar, foreign institutional investors (FIIs) on Wednesday bought shares worth Rs 77 crore. Global oil standard Brent crude fell 0.27 percent to $ 70 per barrel. The BSE Sensex was broken 176.43 on Wednesday, while the NSE Nifty fell by 46.40 points. (Language)
Edited by: Chetan Gour
