Stock market opened with a fall, Sensex fell 422
New Delhi| The stock market opened with a collapse on Wednesday, the third day of the trading week. Sensex fell 236.42 points to 77,962.69 in early trade. Whereas Nifty is trading at the level of 23,645.45, falling by 62.45 points.
The reason for this decline is said to be the continuous withdrawal of foreign funds and weak global market trends. BSE’s 30-share benchmark Sensex fell 236.42 points to 77,962.69 in early trade. NSE Nifty fell 62.45 points to 23,645.45. Apart from this, technology company TCS will also announce its quarterly results on Thursday, before which investors have become cautious.
BSE’s 30-share Sensex fell 236.42 points to 77,962.69 in early trade. NSE Nifty fell by 62.45 points to 23,645.45 points. Of the 30 Sensex-listed companies, shares of Zomato, Adani Ports, Titan, Tata Motors, Tech Mahindra, HDFC Bank, IndusInd Bank and Hindustan Unilever Ltd were the biggest losers.
At the same time, shares of Reliance Industries, Axis Bank, Maruti and ICICI Bank remained in the rise.Foreign institutional investors (FIIs) sold shares worth Rs 1,491.46 crore on Tuesday, according to the data.In Asian markets, South Korea’s Kospi was in profit, while Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng were in loss. American markets closed with a negative trend on Monday. International standard Brent crude was up 0.38 percent at $77.34 a barrel.
The rupee fell nine paise to a record low of 85.83 against the US dollar in early trade on Wednesday. Despite the government reducing the country’s economic growth forecast, the rupee continued to fall due to the strengthening of the US currency and high crude oil prices.
