Share Market Update: The Sensex closed on Thursday with a decline of 315 points and the Nifty 82, amidst the upcoming dominance of profit -booking after 7 trading sessions in local stock markets and disappointing results of the march quarter of Hindustan Unilever. The market also declined due to selling in veteran companies ICICI Bank and Bharti Airtel and a soft trend in Asian and European stocks. The BSE Sensex rose 520.90 points on Wednesday to 80,116.49 and NSE Nifty rose 161.70 points to 24,328.95.
Analysts said the market also declined due to selling in veteran companies ICICI Bank and Bharti Airtel and a soft trend in Asian and European shares. BACE’s 30 -share standard index Sensex fell 315.06 points, or 0.39 percent, to close at 79,801.43 points. At one time during trading, it fell 391.94 points to 79,724.55 points.
Also Read: Share Bazaar on the seventh day, Sensex beyond 80 thousand, NIFTY also strengthened
The National Stock Exchange (NSE) standard index Nifty also closed at 24,246.70 points with a decline of 82.25 points, or 0.34 per cent. This is the first decline in the local stock market after seven trading sessions. In the last seven trading sessions, the Sensex had jumped a total of 6,269.34 points, or 8.48 percent, while the Nifty had jumped 1,929.8 points, or 8.61 percent.
Hindustan Unilever Limited (HUL) recorded the highest four percent decline among the companies included in the Group of Sensex on Thursday. The selling trend dominated the interest of HUL’s March quarter due to a decline in integrated net profit by 3.35 percent.
Also Read: Stormy boom in Share Bazaar, Sensex jumped more than 1500 points, Nifty also jumped
Apart from this, the shares of Bharti Airtel, ICICI Bank, Internal (Zomato), Mahindra & Mahindra, HCL Technologies, HDFC Bank, Kotak Mahindra Bank, Tata Consultancy Services and Bajaj Finance were also declined. On the other hand, the shares of IndusInd Bank, UltraTech Cement, Tata Motors, Tech Mahindra, Titan and Asian Paints closed up.
Jiojit Investment Limited’s research head Vinod Nair said, “Light profits were observed in the domestic market after the recent boom. Similarly, there was a selling pressure in global markets as the possibility of a quick resolution of fees disputes between the US and China has decreased.
Also Read: Share Market: Indian markets boom, Sensex 1310 points jumped, Nifty also jumped
Nair said, “The region’s performance was poor due to the weakening of the fourth quarter of the major companies making daily consumption goods (FMCG). According to Bajaj Broking Research, the major indices broke the rhythm of its seven -day lead, and closed slightly. The Nifty opened on a dull note and trading in a limited range throughout the day, which led to the corrective perception.
The BSE midcap index fell by 0.16 percent and the smallcap index by 0.01 percent. 2,015 shares declined in BSE, 1,920 rose in 1,920 and 151 shares remained unchanged. Other markets in Asia shut down with South Korea’s Cupi Index and Hong Kong’s hanging decline, while Japan’s Nikki and China’s Shanghai Composite increased.
Also Read: Share Bazaar: Mumbai stock market, Sensex 1431 and NIFTY 460 points jumped from relief on Trump Tariff
Europe’s markets were trading with a decline. The US markets closed with a sharp lead on Wednesday. Global oil standard brent crude fell 0.03 percent to $ 66.10 per barrel. According to the stock market data, foreign institutional investors (FIIs) on Wednesday bought shares worth Rs 3,332.93 crore. The BSE Sensex rose 520.90 points on Wednesday to 80,116.49 and NSE Nifty rose 161.70 points to 24,328.95. (Language)
Edited by: Chetan Gour
