By Admin 
Stock Market News: On Friday, October 25, the last day of the week, the Indian stock market closed with a decline. This decline has come after six consecutive trading sessions of rise in the domestic stock market due to withdrawal of foreign capital and profit booking in banks and FMCG shares. The benchmark index Sensex based on 30 shares on BSE fell by 344.52 points or 0.41% and closed at 84,211.88 points. At one time during trading, it fell by 599.25 points and reached 83,957.15 points.
Big fall in HUL shares
At the same time, NSE’s standard index Nifty fell by 96.25 points or 0.37% and closed at 25,795.15 points. A decline was seen in 34 out of 50 shares. Among Sensex group companies, shares of Hindustan Unilever (HUL) fell the most by 3.20%. Apart from this, shares of UltraTech Cement, Kotak Mahindra Bank, Adani Ports, Titan, HDFC Bank and Axis Bank also remained in loss. On the other hand, shares of Bharti Airtel, ICICI Bank, Bharat Electronics and Sun Pharma were in profit.
This fall in the market after six consecutive sessions of rise was due to profit-booking at higher levels as well as the impact of Commerce and Industry Minister Piyush Goyal’s comments regarding the trade agreement with America. He said during an event in Germany that India does not make any deal in haste nor does it make agreements under pressure.
What do experts say?
After this fall in the market, Enrich Money CEO Ponmudi R. It is said that this comment of Piyush Goyal weakened the hopes of soon concluding the India-US trade deal. Due to this, profit booking was seen in all sectors after the rise in the beginning of the week.
On the other hand, in Asian markets, South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng closed with gains, while European markets remained mixed. American markets closed in positive territory on Thursday. Siddharth Khemka, Head of Research (Wealth Management), Motilal Oswal Financial Services Limited, says that Nifty closed at 25,795 points with a fall of 96 points, ending the six-session rise. The market remained under pressure due to US sanctions on Russian oil companies and profit-booking by investors.
Also read: This big statement came from the government amid possible agreement on trade deal with America-EU.
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