By Admin 
Stock Market News: The initial rise in the domestic stock market could not last on the fourth trading day of the week. The market had made a good start on the strength of IT, banking and PSU stocks, but due to global uncertainties and profit-booking, trading finally closed with a mixed trend. BSE Sensex fell 27.46 points and closed at 82,248.61. Whereas Nifty 50 closed at 25,496.55 with a slight gain of 14.05 points.
Global uncertainty dominates the market
US-China trade tensions and geopolitical risks affected investor sentiment. After the initial rise, investors booked profits at high levels. There was initial buying in IT and banking stocks, but pressure remained in the broader market. Analysts believe that until clear signals are received at the global level, the market may trade with fluctuations in a limited range.
Amidst the ups and downs in the domestic stock market, both selling and buying were seen in selected Sensex companies. Shares of HDFC Bank, Power Grid Corporation of India, Asian Paints, UltraTech Cement, NTPC Limited and Axis Bank fell mainly. On the other hand, buying was seen in Bharat Electronics Limited, Sun Pharmaceutical Industries, Adani Ports and Special Economic Zone, Maruti Suzuki and Bharti Airtel.
Why caution in the market?
According to analysts, investors adopted a cautious approach ahead of the United States–Iran nuclear talks. Also, profit booking took place while waiting for the US unemployment claims data and India’s GDP growth data. Vinod Nair, Research Chief, Geojit Investments Limited, says that investors remained cautious due to mixed signals from global markets. Activity of institutional investors Foreign institutional investors (FIIs) bought shares worth Rs 2,991.64 crore. Domestic institutional investors (DIIs) bought Rs 5,118.57 crore.
condition of global markets
In Asia, KOSPI and Nikkei 225 were in gains, while Shanghai Composite and Hang Seng Index closed in decline. European markets were mostly on the rise in afternoon trade, while US markets had closed with gains in the previous session. Meanwhile, the international oil standard Brent Crude fell 0.95% to $ 70.18 per barrel. A day ago, BSE Sensex closed at 25,482.50 with a gain of 50.15 points at 82,276.07 and Nifty 50 closed at 25,482.50 with a gain of 57.85 points.
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