Share Bazaar: Stock market lost an initial lead due to West Asia developments, Sensex 158 and NIFTY 72 points
Share Bazaar News: The local stock market (Share Bazaar) lost most of its initial benefits on Tuesday and the Sensex closed with a 158 -point gain on a 158 -point gains due to the process of profits between Iran and Israel on Tuesday. NSE NIFTY also made a profit of 72 points. The news of the ceasefire saw a huge jump in early trade in the hope of reducing tension in West Asia and the price of crude oil declined. In this era of buying, the Sensex rose 1,121.37 points or 1.36 percent to 83,018.16 points.
However, by the afternoon, the news of the violation of the ceasefire, the market lost this huge lead to a great extent. At the end of the trading, the Sensex closed at 82,055.11 points with a gain of 158.32 points, or 0.19 percent. The National Stock Exchange (NSE) index Nifty was also filled with business fluctuations. At one time, the Nifty had reached 25,317.70 points but at the end of the trading, it closed at 25,044.35 points with just 72.45 points, or 0.29 percent, at 25,044.35 points.Also Read: What is the secret of stormy boom in Indian stock markets during the war time? How will the last week of June be?
Vinod Nair, head of research from Jiojit Investments Limited, said the initial benefits of the domestic market, the declaration of ceasefire and a sharp fall in crude oil prices. But this perception proved to be short-lived due to renewed geopolitical tension in West Asia. Nair said that due to the end of the futures contracts, there was a lot of ups and downs in the market. Although the market tried to get out of the tendency to stay in a realm, the global risk is constantly disrupting it.
Shares of these major companies fluctuate: Sensex companies closed with Shares of Adani Ports, Tata Steel, Kotak Mahindra Bank, UltraTech Cement, Bajaj Finserv and Titan. In contrast, the shares of Power Grid, Trent, NTPC, Maruti, HCL Tech and India Electronics were declined.Also Read: Share Bazaar has a boom in the fourth consecutive day, bank shares gained 256 points, Nifty also got stronger
In Asian and American markets: Other markets in Asia saw a significant rise in South Korea’s Capsy, Nikki of Japan, Shanghai Composite in China and Hong Seng in Hong Kong. The European markets were trading in the afternoon session with an edge. The American markets were positive on Monday.Also Read: Stock Market Crash: Third World War’s call out the Indian stock market, Sensex and Nifty stream
(Brent Crude) Slipping and FII (FII) selling on Monday: The global oil standard Brent crude declined by 3.20 percent to $ 69.13 per barrel in the hope of decreasing tension in West Asia. According to the stock market data, foreign institutional investors (FIIs) on Monday made net selling of shares worth Rs 1,874.38 crore while domestic institutional investors (DII) bought shares worth Rs 5,591.77 crore. On Monday, BSE Sensx fell 511.38 points to 81,896.79 points and NSE Nifty was at 24,971.90 points to 140.50 points. (Language)
Edited by: Ravindra Gupta
