Share Market: Sensex breaks 770 points due to selling pressure, selling in Reliance Industries, IT and banking Share Market: Sensex breaks 770 points due to selling pressure, selling in Reliance Industries, IT a

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Big fall in stock market, Sensex dips 872 points, Nifty also breaks 268 points Stock market big fall Sensex dips 872 points Nifty also breaks 268


Photo:FILE Share Market

Highlights

  • Sensex closed at 58,766.59, down 770.48 points
  • Nifty closed at 17,542.80, down 216.50 points or 1.22 percent
  • Major markets in Europe had a declining trend in early trade

Share Market: The domestic stock market fell on Thursday and the BSE Sensex was in a loss of more than 770 points. Markets fell on selling in Reliance Industries, IT and bank stocks, which have a strong share in the index, amid a weak global trend. The 30-share BSE Sensex closed at 58,766.59, down 770.48 points, or 1.29 per cent. At one point during trading, it had fallen to 1,014.5 points. Similarly, the Nifty of the National Stock Exchange closed at 17,542.80, down 216.50 points, or 1.22 per cent.

The fall in the shares of these companies

Reliance Industries, Tata Consultancy Services, Sun Pharma, Tech Mahindra, Infosys, NTPC, Hindustan Unilever, HDFC, PowerGrid, Bajaj Finance and ICICI Bank were the main losers in the Sensex stocks. On the other hand, Bajaj Finserv, Asian Paints, Bharti Airtel, Titan, State Bank of India, Mahindra & Mahindra and IndusInd Bank were among the gainers. In other Asian markets, South Korea’s Kospi, Japan’s Nikkei, Hong Kong’s Hang Seng and China’s Shanghai Composite ended in losses. Major markets in Europe were in a downtrend in early trade. US markets remained in losses on Wednesday.

fall in international market

Meanwhile, international oil benchmark Brent crude fell by two per cent to $93.73 a barrel. According to stock market data, foreign institutional investors bought shares worth Rs 4,165.86 crore on Tuesday. The market was closed on Wednesday on account of Ganesh Chaturthi.

Rupee slips four paise to close at 79.56 per dollar

The rupee slipped by four paise to close at 79.56 against the US dollar. The rupee has been witnessing frequent fluctuations in the recent past.

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