Share Market: Domestic stock market took a big dive; Sensex fell 1100 points, Nifty slipped by 23700
New Delhi| Despite trading starting on the green mark, selling dominated the domestic stock market. At 11:51 am, the Sensex fell by 1,151.41 (1.45%) points to reach the level of 78,085.34. On the other hand, Nifty fell by 317.80 (1.32%) points to reach 23,686.95.
Earlier, the Indian stock market opened in the green on Monday, the first trading day of the week. Sensex is trading at 79,520.05, up 296.94 points in early trade, while Nifty climbed 85.2 points to 24,089.95. But after the initial rise, there has been a decline in the stock market. The reason for the decline is believed to be foreign fund withdrawal and vigilance.
BSE Sensex rose 296.94 points to 79,520.05 in early trade. NSE Nifty stood at 24,089.95 points, up 85.2 points. However, later both the indices started trading with a negative trend. BSE Sensex was trading at 79,159.58 points down 68.56 points and Nifty was trading at 23,956.55 points down 48.20 points.
Among the 30 Sensex listed companies, shares of Bajaj Finance, Titan, Infosys, HCL Tech, Tata Consultancy Services and Tech Mahindra were the most profitable. Shares of Kotak Mahindra Bank, Tata Steel, Power Grid and Asian Paints were in loss. In Asian markets, South Korea’s Kospi was in profit, while China’s Shanghai Composite, Hong Kong’s Hang Seng and Japan’s Nikkei were in loss.
American markets closed with a positive trend on Friday. International standard Brent crude fell 0.21 percent to $76.35 a barrel. According to stock market data, foreign institutional investors (FIIs) were selling on Friday and sold shares worth a net Rs 4,227.25 crore.
