Stock market today: After showing a boom for four consecutive days, there was a period of profit booking in the domestic stock markets on the fourth trading day (Thursday) of the week. The market closed down due to investors withdrawing profits at high levels. The BSE Sensex closed at 81,773.66 points, falling down 153.09 points i.e. 0.19 percent to 81,773.66. At the same time, the Nifty 50 index also fell 62.15 points or 0.25 percent to 25,046.15 points.
However, during the trading, the initial session saw a slight rise in both Sensex and Nifty, but later the selling in veteran companies like Reliance Industries and HDFC Bank did not lead to the market.
Shares of these companies fell
The major declining shares involved in the Sensex included Tata Motors, Mahindra & Mahindra, Bharat Electronics, UltraTech Cement, Trent, Sun Pharma, Power Grid and Reliance Industries. At the same time, the shares in profit include Titan, Infosys, Tata Consultancy Services (TCS), HCL Tech and Tech Mahindra.
Vinod Nair, head of research from Jiojit Investments Limited, said-“Major indices were seen to be seen in fluctuations. After the recent rapid bounce, investors made profit-booking. Also, there is an atmosphere of vigilance in the market before the second quarter results of the companies.”
Asian market declines
Asian markets declined – Nikki of Japan and Hong Kong’s hanging index closed in red mark. The markets of China and South Korea remained closed due to holidays. European markets had a boom till noon trading. At the same time, the American markets closed down on Tuesday.
Global oil standard Brent crude rose 1.16 percent to $ 66.21 per barrel. According to the stock market data, foreign institutional investors (FII) on Tuesday bought shares worth Rs 1,440.66 crore, which gave the market partial support. Earlier on Tuesday, the Sensex rose 136.63 points to 81,926.75 points and Nifty closed 30.65 points to close at 25,108.30 points.
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