Share Bazaar declines for the third consecutive day, Sensex 83 points broken, Nifty also came down
Share Market Update: The local stock market declined for the third consecutive day on Thursday and both standard index came down. While the BSE Sensex was at a loss of 83 points, NSE Nifty came down 19 points. The domestic market declined with a global weak trend amid the ongoing conflict between Iran-Israel. The decision to keep the policy rate of the US Federal Reserve unchanged also affected the market perception. The BSE Sensex was at a loss of 138.64 points on Wednesday while NSE Nifty fell by 41.35 points.
According to experts, the decision to keep the policy rate of the US Federal Reserve unchanged also affected the market perception. The BSE Sensex, based on 30 shares in ups and downing trading, closed at 81,361.87 points, declining 82.79 points, or 0.10 percent. During trading, it went up to 81,583.94 points in high and came down to 81,191.04 points.
Also Read: Share Bazaar became quite cautious due to West Asia stress, Sensex 213 and Nifty 93 points slipped
BSE’s 3,018 shares were in loss while 959 lead. At the same time, 140 shares remain unchanged. NSE Nifty, based on fifty shares, closed at 24,793.25 points with a slight decline of 18.80 points, or 0.08 percent.
Jiojit Investment Ltd. The research head Vinod Nair said, “The Indian share index had a limited scope fluctuations with a negative attitude. Investors worldwide are taking a cautious stance due to concerns about America’s possible participation in the ongoing struggle in West Asia.
Also Read: Share Bazaar returned, Sensex 678 points jumped, Nifty also rises 228 points
He said, the notion of investors was also affected by keeping the policy rate of Federal Reserve unchanged. The indication of continuous elevation of inflation and slow economic growth affected the shares of the companies associated with software exports. The companies involved in the Sensex were Adani Ports, Bajaj Finance, Tech Mahindra, IndusInd Bank, Nestle and Tata Steel. On the other hand, the shares of Mahindra & Mahindra, Titan, Larsen & Toubro, Bharti Airtel and Maruti were in profit.
The BSE Smallcap index connected to small companies fell 1.77 percent while BSE midcap belonging to Majholi companies was in loss of 1.64 percent. In the Asian markets, Japan’s Nikki, China’s Shanghai Composite and Hong Kong’s Hangseng remained in disadvantage, while South Korea’s Cappey closed with a slight lead. There was a decline in the afternoon trading in the major markets of Europe. The US markets were closed with a mixed trend on Wednesday.
Also Read: Sensex 823 points slip from stress in West Asia, Nifty also came below 25 thousand
Railwayor Broking Ltd. Senior Vice President (Research) of Ajit Mishra said, “The market remained slow in the futures and options segment on the weekly end of the deals and the market remained almost stable amid mixed signals.” As expected, the US Federal Reserve’s decision to maintain the status quo on the interest rate front failed to obtain any significant response. Global oil standard brent crude rose 0.26 percent to $ 76.90 per barrel.
According to stock market data, foreign institutional investors (FIIs) on Wednesday bought shares worth Rs 890.93 crore. At the same time, domestic institutional investors (DII) bought shares worth Rs 1,091.34 crore. The BSE Sensex was at a loss of 138.64 points on Wednesday while NSE Nifty fell by 41.35 points. (Language)
Edited by: Chetan Gour
