Share Bazaar continued for 4 days, Sensex fell 53 points in ups and down business, Nifty also slipped
Share bazaar down: Amidst mixed global signals, the local stock market stopped on 4 days due to profit booking in bank and energy shares. The standard index Sensex closed down by 53 points in the ups and downs, while the Nifty remained almost stable. BSE’s 30 -share index Sensex (Sensex) fell 53.49 points, or 0.06 percent, closed at 82,391.72 points. The Sensex’s 14 shares closed down with a decline while 15 were in profit and 1 remained unchanged. There was also a decline in Nifty.
Sensex opened with gains but later fell: The Sensex opened with an increase and rose 235.58 points to 82,680.79 in the morning trading. But in the afternoon session, it lost its lead due to profit booking in veteran companies Reliance Industries, HDFC Bank and ICICI Bank. The National Stock Exchange (NSE) 50 -share index Nifty closed at 25,104.25 with just 1.05 points. In the last 4 trading sessions, the Nifty jumped 560 points, or more than 2.27 percent, while the Sensex rose 1,707.7 points, or 2.11 percent.Also Read: Share Bazaar has a boom in the fourth consecutive day, bank shares gained 256 points, Nifty also got stronger
Senior Vice President (Research) Ajit Mishra, Senior Vice President (Research) Said that the market remained slow and it almost closed unchanged. Investors remain slightly cautious amid mixed global signals and different trends between the index veterans are affecting the overall perception.
Shares of these major companies fluctuate: Among the companies of Sensex, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv, ICICI Bank, Maruti, Reliance Industries, HDFC Bank and Mahindra & Mahindra declined. On the other hand, the shares of Tech Mahindra, Tata Motors, Infosys, HCL Tech, IndusInd Bank and UltraTech Cement closed up. Analysts say investors are waiting for the results of the US-China trade talks held in London.Also Read: Stock market declines in early trade, Sensex 200 and Nifty 61 points slipped
BSE Smallcap Index rose 0.33 percent: The BSE Smallcap index of small companies rose 0.33 percent while the midcap index related to Majhauli companies rose by 0.04 percent. The information technology segment in the area-wise indices rose by 1.58 percent while the public-centric section rose by 1.11 percent and the energy section was 0.95 percent, while the realty section was in a loss of 1.18 percent.
2,232 companies listed on BSE were in the edge: 2,232 companies listed on BSE were in the lead while 1,805 shares declined and 135 others remained unchanged. Meanwhile, data from Mutual Fund Body Amphie showed that the net flow in equity mutual funds in May fell by 21.66 percent to Rs 19,013.12 crore, the lowest level of 12 months. This was the 5th consecutive month of reducing investment in equity funds.Also Read: 3 days decreased, the stock market closed in green mark for 2 days, what is the reason for instability?
Investors took vigilance after seeing the price of shares: Viraj Gandhi, Chief Executive Officer of Samco Mutual Fund, said that the domestic equity market was soft in the entire month of May due to geopolitical concerns and profits. Seeing the price of shares, investors were cautious, which resulted in a lethargy in equity flow.
FII remained buyers on Monday: According to the stock market data, foreign institutional investors (FII) on Monday made net purchases of shares worth Rs 1,992.87 crore.
In Asian and American markets: In other markets in Asia, South Korea’s Korea and Japan’s Nikki 225 index closed in the positive sector, while China’s Shanghai Composite and Hong Kong’s Hangseng fell marginally. European markets were trading with mixed trend. On Monday, most of the US markets closed with an edge. Global oil standard brent crude rose 0.39 percent to $ 67.19 per barrel. (Language)
Edited by: Ravindra Gupta
