Slow start of stock market in the last week of the year; Sensex fell, Nifty also fell
New Delhi|Sensex and Nifty fell in early trade on Monday amid foreign capital withdrawal and weak trend in global markets. BSE Sensex fell by 142.26 points to 78,556.81 points. NSE Nifty slipped 48.35 points to 23,765.05 points. Foreign institutional investors (FIIs) were selling on Friday and sold shares worth a net Rs 1,323.29 crore, according to stock market data.
The domestic stock market had a slow start on the first day of the last trading week of the year. Sensex fell 142.26 points to 78,556.81 in early trade, while Nifty fell 48.35 points to 23,765.05. Also the rupee fell 5 paise to a new record low of 85.53 against the US dollar in early trade.
The domestic stock market had a slow start on the first day of the last trading week of the year. Sensex fell 142.26 points to 78,556.81 in early trade, while Nifty fell 48.35 points to 23,765.05. Also the rupee fell 5 paise to a new record low of 85.53 against the US dollar in early trade.
Of the 30 Sensex-listed companies, shares of Infosys, Mahindra & Mahindra, HCL Technologies, Titan, Power Grid, Tech Mahindra, Kotak Mahindra Bank and Tata Motors fell the most. Shares of Adani Ports, Zomato, UltraTech Cement and ITC were among the gainers.
Condition of Asian and American markets
In Asian markets, Hong Kong’s Hang Seng, China’s Shanghai Composite and Japan’s Nikkei were in loss while South Korea’s Kospi was in gain. American markets closed with a negative trend on Friday.
