Share Market: Sensex broken under selling pressure, NIFTY also declines
Share market update news: The local stock market did not remain upset on Wednesday amid the announcement of monetary policy of the Reserve Bank of India and the BSE Sensex fell 166.26 points, or 0.21 percent to close at 80,543.99 points. At one time it fell to 261.43 points during trading. At the same time, the Nifty also fell 75.35 points, or 0.31 percent, closed at 24,574.20 points. The selling in shares of companies associated with IT and healthcare was in the market loss for the second consecutive day. On Tuesday, the Sensex was broken 308.47 points while the NSE Nifty fell by 73.20 points.
The Sensex based on thirty stocks fell 166.26 points, or 0.21 percent, closed at 80,543.99 points. At one time it fell to 261.43 points during trading. The shares included in the Sensex were in loss while 12 were in profit. The fifty -shared National Stock Exchange’s Nifty closed down 75.35 points, or 0.31 percent, closed at 24,574.20 points. The index during trading broke up to 110.35 points at a time.
Also Read: Share Bazaar: Sensex 308 points broken before decision on RBI’s monetary policy, Nifty was also in loss
Sensex companies included Sun Pharmaceuticals, Tech Mahindra, HCL Technologies, Infosys, Bajaj Finance, Internal, Tata Consultancy Services, UltraTech Cement, Bajaj Finserv, Tata Steel, ITC and L&T. On the other hand, profitable shares include Asian Paints, Mahindra & Mahindra, BEL, Adani Ports, State Bank of India, Trent, HDFC Bank.
Jiojit Investments Ltd. The research head Vinod Nair said, “Despite the trade tension, the domestic market remained strong and the Nifty remained firmly around the major support level of 24,500 points.” The performance of the drug area was weak. The impact of the fees on the area showed the effect of warnings.
Also Read: Share Bazaar declined on the third day, Sensex 572 points, Nifty also remained in loss
The Reserve Bank of India on Wednesday decided to retain the major policy rate repo at 5.5 percent amid uncertainty over the US fee. RBI has retained the growth rate of GDP (GDP) growth for 2025-26 at 6.5 percent. At the same time, the estimate of retail inflation for the current financial year has been reduced to 3.1 percent while earlier it was estimated to be 3.7 percent.
Among the Asian markets, Nikki of Japan, Shanghai Composite of China and Hong Seng of Hong Kong remained closed in a positive scope, while South Korea’s COSPI remained stable. There was a boom in the afternoon trading in the major markets of Europe. The US markets closed down on Tuesday. Global oil benchmark Brent crude rose 1.61 percent to $ 68.73 per barrel.
Also Read: Share Bazaar boom, Sensex 540 points jumped, Nifty also crossed 25200
According to the stock market data, foreign institutional investors sold shares worth Rs 22.48 crore on Tuesday, while domestic institutional investors bought shares worth Rs 3,840.39 crore. On Tuesday, the Sensex was broken 308.47 points while the NSE Nifty fell by 73.20 points. (Language)
Edited by: Chetan Gour