Sunday, May 28th, 2023

Stock Market: Sens*x fell 155 points in early trade and Nifty also fell sharply, condition of many big companies deteriorated


Photo:FILE Stock Market: Sens*x breaks 155 points in early trade

Highlights

  • Sens*x fell 155 points in early trade on Friday
  • Nifty also fell to 17,621.75 points with a loss of 37.25 points.
  • Tech Mahindra recorded a huge decline

Stock Market: Effect of rising inflation around the world Sens*x But is also visible. The Sens*x lost 155 points in early trading on Friday, the last day of the week. second and Nifty There was also a decline in Global markets were mixed and major stocks like TCS, Infosys and Maruti declined. The BSE 30-share Sens*x fell 155.21 points, or 0.26 per cent, to 59,177.39 in early trade. Similarly, the Nifty of the National Stock Exchange also fell 37.25 points or 0.21 per cent to 17,621.75 points.

Tech Mahindra recorded a huge decline

Among the Sens*x companies, the biggest decline of 1.34 per cent was in Tech Mahindra. Apart from this, Nestle India, Maruti, Infosys, UltraTech Cement, TCS and Sun Pharma were also in the red in early trade. On the other hand, Tata Steel, Power Grid, SBI, NTPC, IndusInd Bank, ICICI Bank and Titan were among the gainers. In the last week, the 30-share BSE Sens*x closed at 59,332.60, up 515.31 points, or 0.88 per cent, on Friday. Similarly, the Nifty of the National Stock Exchange closed at 17,659, up 124.25 points by 0.71 per cent. Meanwhile, international oil benchmark Brent crude fell 0.40 per cent to $99.20 a barrel. According to available data, foreign investors bought shares worth Rs 2,298.08 crore on Thursday.

return of foreign investors

The return of foreign investors has started again in the Indian market. Foreign institutional investors bought shares worth Rs 825.18 crore in the previous session, while domestic institutional investors also bought shares worth Rs 117.79 crore during the same period. Due to the positive trend of foreign investors in the market, there is a rise again.

Rupee falls by 9 paise to 79.71

The rupee fell by 9 paise to 79.71 against the US currency in early trade. On Tuesday, the rupee jumped 53 paise to close at a one-month high of 78.53 against the US dollar, which was the highest in one-day trade in the rupee in the past 11 months. However, the dollar index, which gauges the strength of the dollar against the world’s six major currencies, fell 0.07 per cent to 106.16.

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