Share Market Update: The local stock market closed down with a slight decline in highly ups and downs on Wednesday after a rise of 2 days. The market remained almost stable between tension between India and Pakistan and selling in both Bajaj Group companies. According to analysts, the negative perception prevailing in the market provided little support as the arrival of foreign capital continued and the decline was reinforced. The Sensex fell 46.14 points, or 0.06 percent to close at 80,242.24 points. There was also a slight decline in the Nifty.
The BSE’s 30 -share standard index Sensex fell 46.14 points, or 0.06 percent, to close at 80,242.24 points. There was a lot of ups and downs during the trading and the Sensex touched the upper of 80,525.61 and a low of 79,879.15. The National Stock Exchange (NSE) standard index Nifty also closed down at 24,334.20 with a slight decline of 1.75 points, or 0.01 percent, after fluctuations.
Also Read: Share Bazaar: Sensex 1000 points broken by Pahalgam attack, NIFTY also below 24000 levels
Bajaj Finserv in the Sensex companies declined by more than 5 percent, while Bajaj Finance recorded a decline of nearly 5 percent. The integrated net profit of Bajaj Finserv Limited (BFL) increased by 14 percent to Rs 2,417 crore in the fourth quarter. Meanwhile, NBFC firm Bajaj Finance’s net profit on a single basis increased 16 percent to Rs 3,940 crore in the last quarter.
Among the Sensex companies, Tata Motors, State Bank of India, UltraTech Cement, Tata Consultancy Services, Tata Steel and Asian Paints also closed down. On the other hand, Maruti Suzuki, Bharti Airtel, Power Grid, Hindustan Unilever and HDFC Bank shared shares.
Also Read: Share Bazaar’s boom, Sensex slipped 315 points, NIFTY also declines
Vinod Nair, head of research from Geojit Investments Limited, said that this month, more shares representing (midcap and smallcap) indices were well performed. This has happened due to reduction in customs risk, potential US-India trade agreement and strong FII flow. However, the increasing tension between India and Pakistan and the consequences of the fourth quarter is getting limited due to softening.
Nair said that this negative trend may continue even in the near future but the long -term attitude in the hope of having a minimum financial impact from the boundary struggle remains positive. In such a situation, the market boom is likely to be used as an investment opportunity.
Also Read: Stormy boom in Share Bazaar, Sensex jumped more than 1500 points, Nifty also jumped
South Korea’s Cupi Index in other markets in Asia and China’s Shanghai Composite fell down with a decline, while Japan’s Nikki 225 and Hong Kong’s Hong Seng lead. The trend of boom was seen in Europe’s markets. On Tuesday, the US markets were closed in a positive sector.
According to the stock market data, foreign institutional investors (FIIs) on Tuesday made net purchases of shares worth Rs 2,385.61 crore. Global oil standard brent crude fell 0.92 percent to $ 63.66 per barrel. The BSE Sensex climbed 70.01 points on Tuesday to close 80,288.38 and NSE Nifty at 24,335.95 with a marginal increase of 7.45 points. Local stock markets will be closed due to holiday on the occasion of ‘Maharashtra Day’ on Thursday. (Language)
Edited by: Chetan Gour
