Share market update news: The domestic stock market closed down on Friday due to heavy selling in information technology (IT), vehicle and power stocks amid mixed global trends. The uncertainties associated with the US fee also affected the notion of investors. The Sensex fell 690 points while the Nifty fell by 205 points. Among the companies included in the Group of Sensex, Tata Consultancy Services (TCS) shares fell by 3.46 percent after the June quarter results. The Sensex fell 345.80 points on Thursday to 83,190.28 points and the Nifty fell 120.85 points to close at 25,355.25 points.
According to analysts, the uncertainties associated with the US fee amid mixed trend in global markets also affected the perception of investors. BSE’s 30 -share standard index Sensex fell 689.81 points, or 0.83 percent, to close at 82,500.47 points. At one time during trading, it fell 748.03 points to 82,442.25.
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The National Stock Exchange (NSE) 50 -share standard index Nifty also fell at 205.40 points, or 0.81 percent to close at 25,149.85 points. Among the companies included in the Group of Sensex, Tata Consultancy Services (TCS) shares fell by 3.46 percent after the June quarter results. The country’s largest IT service company TCS has reported a net profit of six percent to Rs 12,760 crore in the June quarter. During the quarter, revenue in the rupee increased by 1.3 percent to Rs 63,437 crore.
Apart from this, shares of Mahindra & Mahindra, Bharti Airtel, Tata Motors, Titan, HCL Tech, Bajaj Finance, Reliance Industries, Trent, Infosys and HDFC Bank also closed down. On the other hand, the shares of Hindustan Unilever Limited (HUL) recorded a rise of 4.61 percent. Apart from this, shares of Axis Bank, NTPC, Internal (East Zomato) and State Bank of India were also in profit.
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Geojit Investments Ltd. The domestic market declined due to the slow start of the June quarter results and a 35 percent fee on Canada, “the research head Vinod Nair said.
Nair said, IT companies’ performance was weak due to the order getting orders and delay in new investment. This may affect the income estimates of FY 2025-26. Other markets in Asia closed with South Korea’s Korea and Japan’s Nikki fall with a decline, while China’s Shanghai Composite and Hong Kong’s hangs closed with lead.
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There was a decline in the afternoon business in the major markets of Europe. On Thursday, the US markets were locked in a positive scope. Global oil standard brent crude rose 0.31 percent to $ 68.85 per barrel. According to the stock market data, foreign institutional investors (FIIs) on Thursday made net purchases worth Rs 221.06 crore. The Sensex fell 345.80 points on Thursday to 83,190.28 points and the Nifty fell 120.85 points to close at 25,355.25 points. (Language)
Edited by: Chetan Gour
