Share market news: The trend of decline in local stock markets continued on Thursday and BSE Sensex fell further by 111 points in volatile trading. The market declined amid continued selling by foreign institutional investors, quarterly results of companies not being as per expectations and rising inflation.
based on 30 shares BSE Sensex It declined for the third consecutive day and closed at 77,580.31 points with a decline of 110.64 points or 0.14 percent. At one time during trading it had fallen to 266.14 points. National Stock Exchange Nifty (NSE Nifty) Also closed at 23,532.70 points with a decline of 26.35 points or 0.11 percent.ALSO READ: 500 employees become millionaires with Swiggy’s IPO listing, shares worth Rs 9,000 crore allotted
There were fluctuations in the shares of these major companies: Among the 30 Sensex stocks, Hindustan Unilever, NTPC, Nestle, IndusInd Bank, Power Grid, Adani Ports, Tata Motors and Bajaj Finserv were major losers. On the other hand, the profitable stocks include Reliance Industries, Kotak Mahindra Bank, Tech Mahindra, Mahindra & Mahindra and HDFC Bank.
FIIs sold shares worth Rs 2,502.58 crore on Wednesday: According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 2,502.58 crore on Wednesday. Whereas domestic institutional investors bought shares worth Rs 6,145.24 crore.ALSO READ: How was the listing of Swiggy in the stock market?
Price index based inflation at 4 month high: According to official data, Wholesale Price Index-based inflation rose to a four-month high of 2.36 percent in October. The main reason for this was the rise in the prices of food items, especially vegetables and manufactured goods, while retail inflation reached a 14-month high of 6.21 percent in October, mainly due to the increase in the prices of food items. This is more than the satisfactory level of Reserve Bank of India (2 to 6 percent).
In Asian and American markets: In other markets of Asia, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng were in loss while South Korea’s Kospi was in gain. There was a rise in afternoon trading in major markets of Europe. There was a mixed trend in American markets on Wednesday.ALSO READ: FPI withdrew Rs 20,000 crore in 5 sessions, how will the next week be for the stock market?
Brent crude futures at US $ 72.24 per barrel: Global oil benchmark Brent crude fell 0.06 percent to $ 72.24 per barrel. The Sensex had fallen 984.23 points on Wednesday while the Nifty had fallen 324.40 points.(Language)
Edited by: Ravindra Gupta
