Market Closing Bell: Sensex sinks beneath 73,000, Nifty holds 22,000 mark
From the Sensex pack, Bajaj Finserv, HCL Applied sciences, Nestle India, Asian Paints, Bharti Airtel, Solar Prescription drugs, Infosys, Maruti Suzuki India, Titan, Hindustan Unilever and Reliance Industries have been among the many laggards.
Market Closing Bell: Benchmark BSE Sensex declined for the third straight day right now to shut beneath the 73,000 mark amid a world fairness rout on tariff warfare worries and chronic overseas fund outflows. However, the Nifty50 index prolonged the losses for the tenth straight session however managed to carry the 22,000 mark.
The 30-share BSE barometer closed at 72,989.93, down by 96.01 factors or 0.13 per cent, as 18 of its elements declined and 12 settled with good points. Throughout the day, it dropped 452.4 factors or 0.62 per cent to a low of 72,633.54 however recovered a few of the losses within the second half.
Extending the losses for the tenth straight session, the 50-share Nifty of NSE fell by 36.65 factors or 0.17 per cent to shut at 22,082.65. The index opened beneath the 22,000 stage at 21,974.45 however managed to get better some losses later.
From the Sensex pack, Bajaj Finserv, HCL Applied sciences, Nestle India, Asian Paints, Bharti Airtel, Solar Prescription drugs, Infosys, Maruti Suzuki India, Titan, Hindustan Unilever and Reliance Industries have been among the many laggards.
However, State Financial institution of India, Zomato, Tata Consultancy Providers, Adani Ports, Energy Grid, Tata Metal and HDFC Financial institution have been the gainers.
Vinod Nair, Head of Analysis, Geojit Monetary Providers, “The home market exhibited a restoration from right now’s lows however remained in damaging territory attributable to hostile world cues associated to escalating world commerce tensions.
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“Weak world cues proceed to weigh on sentiment, however selective shopping for is limiting the draw back,” Ajit Mishra – SVP, Analysis, Religare Broking Ltd stated.
In Asian markets, Tokyo, Hong Kong and Seoul have been resulted in crimson, whereas Shanghai in inexperienced territory.
European markets have been buying and selling within the damaging territory within the mid-session offers. The US markets ended decrease on Monday.
In the meantime, world oil benchmark Brent crude dropped 1.37 per cent to USD 70.64 a barrel.
Overseas Institutional Buyers (FIIs) offloaded equities price Rs 4,788.29 crore on Monday, in accordance with trade knowledge.
On Monday, the 30-share BSE benchmark declined by 112.16 factors to shut at 73,085.94. The NSE Nifty slipped 5.40 factors extending losses to the ninth session to settle at 22,119.30.
With PTI inputs
