Share Market Today: Sensex 625 points broken due to profit booking in banks and IT stocks, NIFTY also dropped by 175 points
Share Market: The stock market (Share Market) continued for the last 2 days on Tuesday and the BSE Sensex broke 624.82 points, while NSE NIFTY lost 175 points. Banks, IT and vehicle (bank, it and auto) shares brought the market down from profits. The 30-share BSE Sensex fell 624.82 points, or 0.76 percent, closed at 81,551.63 points in the ups and downs. The Sensex rolled up to 1,054.75 points at a time during trading.
NSE Nifty based on 50 stocks The 174.95 points, or 0.70 percent, closed at 24,826.20 points. In the index, the first phase of trading occurred rapidly. But later it was damaged by profits in the shares of major companies. Earlier, Sensex and Nifty had climbed about 1.5 percent in the last 2 trading sessions. Analysts said the figures of industrial production for the month of April on Wednesday and the March quarter GDP (GDP) figures on Friday on Friday. Prior to these important data, investors took a cautious stance.Also Read: 3 days decreased, the stock market closed in green mark for 2 days, what is the reason for instability?
Shares of these major companies fluctuate: UltraTech cement was the highest in Sensex companies and 2.01 percent in ITC. Apart from this, shares of Tata Motors, NTPC, Axis Bank, HCL Tech, Mahindra & Mahindra, HDFC Bank, ICICI Bank and the Internal (East Zomato) were also in loss. On the other hand, the share of IndusInd Bank, Sun Pharma, Adani Ports, Nestle and Asian Paints remained in profit.
Domestic market fluctuates and 2 days of rise in: Vinod Nair, head of research of Jiojit Investments, said that there was a ups and downs in the domestic market and 2 days of rise. The reason for this is that investors opted for profits due to evaluation concerns and weak trend in Asian markets. Nair said the fourth quarter had a relatively strengthened strength in the shares of Majholi and small companies due to better financial results and softening in the evaluation.Also Read: Share Bazaar: Sensex 873 and NIFTY 262 points from selling in Reliance and HDFC shares
BSE Smallcap Index connected to small companies was in profit of 0.19 percent While midcap belonging to medium companies rose by 0.18 percent. Railwayor Broking Ltd. Senior Vice President (Research) of Ajit Mishra said that we are currently watching tussle in Tejdis and Mandadis amidst mixed global signals. However, favorable domestic factors such as good monsoon and strong large economic figures are helping to maintain positive environment.
In Asian and American markets: Other markets in Asia shut down with South Korea’s Korea and China’s Shanghai Composite declined, while Japan’s Nikki and Hong Kong’s Hangseng were in lead. There was a rapid trend in the afternoon business in the major markets of Europe. The American markets were closed on Monday on the occasion of ‘Memorial Day’.ALSO READ: Stock market rises after a huge fall of last season, Sensex rises more than 800 points, NIFTY also gains
Foreign institutional investors (FII) bought shares worth Rs 136 crore on Monday: According to the stock market data, foreign institutional investors (FIIs) on Monday bought shares worth Rs 135.98 crore. Global oil standard Brent crude ((Brent Crude)) rose 0.51 percent to $ 65.07 per barrel. The BSE Sensex rose 455.37 points on Monday while NSE Nifty was in profit of 148 points. (Language)
Edited by: Ravindra Gupta
