Share market update news: The decline in information technology shares and temporarily restored by the Appellate court led to a slowdown in the Asian markets, due to which the local stock market closed down with a decline. The Sensex closed at 81,451.01 points with a decline of 182.01 points, or 0.22 percent. The Nifty also fell 82.90 points, or 0.33 percent, to close at 24,750.70 points. The BSE Sensex rose 320.70 points on Thursday to 81,633.02 points and NSE Nifty closed 81.15 points to close at 24,833.60 points.
Analysts said that the market remained in a realm even after taking alert stance of investors before the GDP figures of the domestic economy. The BSE’s 30 -share standard index Sensex fell 182.01 points, or 0.22 percent, closed at 81,451.01 points. At one time during trading, it fell 346.57 points to 81,286.45 points.
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The National Stock Exchange (NSE) standard index Nifty also fell 82.90 points, or 0.33 percent, to close at 24,750.70 points. The Group of Sensex closed down 24 of the 30 companies. The highest decline was recorded at 1.73 percent in Tech Mahindra while HCL also closed with losses of Tech, Asian Paints, NTPC, Infosys, Nestle, Sun Pharma and Tata Steel.
On the other hand, the shares of the Internal (East Jomato), State Bank of India, HDFC Bank, Larsen & Toubro, Reliance Industries and Bajaj Finserv were boomed. Vinod Nair, Head of Research Limited, Giyoned Investment Limited, said, the limited scope in the market continued. The counter -customs imposed by the Trump administration spread uncertainty by temporarily restored by the US Appellate Court and influenced investors to stay away.
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Nair said that foreign institutional investors have continued to purchase in the hope of getting solid figures of GDP growth domestically and the next week from the Reserve Bank in the policy interest rate. According to the stock market data, foreign institutional investors (FIIs) on Thursday made net purchases of shares worth Rs 884.03 crore while domestic institutional investors (DIIs) bought equity worth Rs 4,286.50 crore.
The BSE Midcap index of Majholi companies declined by 0.39 percent while the Smallcap index connected to small companies rose 0.17 percent. The metal section in the area -wise indices fell by 1.68 percent. Apart from this, the BSE-centric IT section saw 1.14 percent decline in the commodity section and 1.09 percent in the utility section.
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On a weekly basis, the BSE Sensex fell by a total of 270.07 points, or 0.33 percent, while NSE Nifty was in loss of 102.45 points, or 0.41 percent. Prashant Tapse, Senior Vice President (Research) at Mehta Equalies Limited said, the market remained under negative scope amid weak Asian signals and investors preferred selling in IT, metal, oil and gas and vehicle stocks.
Other markets in Asia, South Korea’s Korea, Japan’s Nikki 225 index, China’s Shanghai Composite and Hong Kong’s Hang Seng closed in a negative range. Europe’s markets were trading with an edge. On Thursday, the US markets closed with an edge.
Global oil standard brent crude rose 0.44 percent to $ 64.43 per barrel. The BSE Sensex rose 320.70 points on Thursday to 81,633.02 points and NSE Nifty closed 81.15 points to close at 24,833.60 points. (Language)
Edited by: Chetan Gour
