Share Market: Investors adopted alert stance from Indo -Pak tension, Sensex 156 and NIFTY 82 points dropped
Share market today: Local stock markets declined on Tuesday due to investors adopting a cautious form due to profit-booking in banking and petroleum shares and increased tension between India and Pakistan. The Sensex slipped 156 points while the Nifty declined by 82 points. The BSE’s 30 -share standard index Sensex fell 2 days gaining 155.77 points, or 0.19 percent, to close at 80,641.07 points. At one time during trading, it fell 315.81 points to 80,481.03 points. The National Stock Exchange (NSE) standard index Nifty fell 81.55 points, or 0.33 percent, to close at 24,379.60 points.Also Read: Stock Market: Sensex closes 295 points, Nifty 24461, Shares of Adani Ports boom
Analysts said business activities in the market were limited to the market before the US Federal Reserve decision and concerns on the US-China trade negotiations. The Sensex companies led to the biggest decline in the Internal (East Zomato), Tata Motors, Adani Ports, NTPC, IndusInd Bank, Bajaj Finance, Asian Paints, Axis Bank and Sun Pharma. On the other hand, the shares of Bharti Airtel, Tata Steel, Mahindra & Mahindra, Hindustan Unilever, Nestle and Maruti were rapid.
In Asian and American markets: China’s Shanghai Composite in other markets and Hong Kong’s Hangseng closed with an edge. South Korean and Japanese markets remained closed due to holidays. Europe’s markets were trading with a decline in the afternoon session. The American markets were closed under negative scope on Monday.
Foreign institutional investors (FII) bought shares worth Rs 498 crore on Tuesday: According to the stock market data, foreign institutional investors (FIIs) on Monday made net purchases of shares worth Rs 497.79 crore. Global oil standard Brent crude jumped 2.76 percent to $ 61.85 per barrel.
Last month, after the terrorist attack in Pahalgam in Jammu and Kashmir Mock drills to states and union territories Instructed to organize. Vinod Nair, head of research of Jiojit Investment Limited, said that domestic is being affected in recent sessions due to the vigilant stance dominating the border. The weak increase in income of companies has also affected the market.Also Read: Share Bazaar News: Stock market boom despite Indo Pak tension, Sensex 77 and NIFTY 23 points up
Nair said that India’s bilateral trade talks with America But the investors are also closely monitored. Apart from this, speculation related to the rate deduction of American Federal Reserve is also attracting attention. BSE Sensex rose 294.85 points on Monday to 80,796.84 points and NSE Nifty rose 114.45 points to close at 24,461.15 points. (Language)
Edited by: Ravindra Gupta
