Sensex closed down by six days in stock market, Sensex fell 694 points, know what is market expert’s opinion

Stock market today: The domestic stock market closed down on Friday with a major decline, causing the process of continuing up from six consecutive trading sessions. HDFC Bank and Reliance Industries shares saw heavy selling pressure. The Sensex fell 693.86 points, or 0.85% to close at 81,306.85, while the Nifty fell 213.65 points i.e. 0.85% to 24,870.10. The Sensex fell more than 708 points at a time during trading.

Sensex companies led to a major decline in Asian Paints, UltraTech Cement, Tata Steel, ITC, HCL Tech, Kotak Mahindra Bank, Adani Ports, TCS, HDFC Bank and Tech Mahindra. At the same time, shares of Mahindra & Mahindra, Maruti, Bharat Electronics and Sun Pharma saw a boom.

Why the market declines?

Analysts say the attention of the investors remained on the address of US Fed Chairman Jerome Powell at the Jackson Hall seminar, creating an atmosphere of vigilance and profits. 25% of the US fee, which came into force on India from August 27, also put pressure on the market. However, on a weekly basis, the Sensex gained 709 points (0.87%) and 238 points in the Nifty (0.96%). 2,316 companies closed down on BSE, while 1,765 shares rose. Smallcap 0.35% and midcap 0.23% broken.

Heavy pressure on these stocks

The most pressure in the sectoral index was shown at metal (1.27%), commodities (1.08%), banking (1.06%) and financial services (0.84%). On the other hand, the Asian markets remained mixed and the European markets were trading with an edge in the afternoon session. Foreign institutional investors (FII) on Thursday made net purchases of Rs 1,246.51 crore shares. At the same time, international oil standard brent crude fell 0.24% to $ 67.52 per barrel.

Also read: HDFC Bank Customers required news! These plants will be closed today, learn time and other details

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)