Share Bazaar declined for the third day, Sensex 572 points dropped, NIFTY also remained in loss

Share market update news: The decline in the stock market continued in the third consecutive trading session on Monday. While the BSE Sensex fell 572 points, the NSE Nifty was at a loss of 156 points. The market declined amidst the huge selling in Kotak Mahindra Bank and uncertainty over the Indo-US trade agreement. Apart from this, shares of Bajaj Finance, Bharti Airtel, Titan, Tata Consultancy Services, HCL Tech and State Bank of India were also in the loss. According to the stock market data, foreign institutional investors (FIIs) sold shares worth Rs 1,979.96 crore on Friday. On Friday, the Sensex was broken 721.08 points while the Nifty fell by 225.10 points.

The BSE Sensex based on thirty stocks closed at 80,891.02 points, declining 572.07 points, or 0.70 percent. At one time it was dropped to 686.65 points during trading. The fifty -shared National Stock Exchange’s Nifty closed at 24,680.90 points, declining 156.10 points, or 0.63 percent.

Also Read: Share Update: Sensex 721 points slipped under selling pressure, Nifty also came below 25 thousand

Among the companies involved in the Sensex, Kotak Mahindra Bank shares fell by 7.31 percent. The company’s integrated net profit was Rs 4,472 crore in the June quarter. Retail commercial vehicle is a sign of pressure on portfolio due to adverse major economic conditions. This led to a major decline in the company’s shares.

Apart from this, shares of Bajaj Finance, Bharti Airtel, Titan, Tata Consultancy Services, HCL Tech and State Bank of India were also in the loss. On the other hand, profitable shares include Hindustan Unilever, Asian Paints, ICICI Bank, Power Grid, HDFC Bank and ITC.

Also Read: Share Bazaar boom, Sensex 540 points jumped, Nifty also crossed 25200

According to the stock market data, foreign institutional investors (FIIs) sold shares worth Rs 1,979.96 crore on Friday. In other markets in Asia, Japan’s Nikki closed down with a decline, while South Korea’s Cappey, China’s Shanghai Composite and Hong Kong’s Hangseng lead.

There was a boom in the afternoon trading in the major markets of Europe. The US markets on Friday closed with an edge. Global oil standard brent crude rose 0.91 percent to $ 69.05 per barrel. On Friday, the Sensex was broken 721.08 points while the Nifty fell by 225.10 points. (Language)
Edited by: Chetan Gour