stock market The continuing trend of huge decline shows no signs of stopping. Even today the market opened with a drop. However, it has returned to green after its opening. BSE Sensex is trading 121.89 points higher at 80,359.87 points. At the same time, NSE is trading 31.10 points higher at 24,503.20 points. If we look at the stocks included in Sensex, good growth is seen in BAJFINANCE, BAJAJFINSV, TATASTEEL, HDFCBANK, TCS, INFY, JSWSTEEL, ADANIPORTS, HCLTECH, BHARTIARTL and NESTLEIND.
Let us tell you that there was a huge drop in the Indian market on Tuesday. BSE’s 30-share Sensex index closed at 80,220.72 points, falling 930.55 points. The Nifty index of the National Stock Exchange (NSE) closed at 24,472.10 points with a huge drop of 309 points. According to market experts, there was a huge decline in the Indian market due to withdrawal of foreign institutional investors and weakness in global markets. Apart from this, due to the rise in bond yields in the US and the announcement of a stimulus package in China, FIIs are withdrawing money from the Indian market, which is having an adverse effect on the market.
Rise in the shares of these companies
Among the 30 companies listed on Sensex, Bajaj Finance shares rose more than three times. Also, shares of Bajaj Finserv, HDFC Bank, Nestle, Kotak Mahindra Bank, Tata Consultancy Services and Maruti were the top performers. Shares of NTPC, Power Grid, Mahindra & Mahindra and UltraTech Cement fell. In Asian markets, South Korea’s Kospi, China’s Shanghai Composite and Hong Kong’s Hang Seng posted gains, while Japan’s Nikkei 225 posted losses. US markets closed flat on Tuesday.
Foreign investors sold
Brent crude, the international standard, fell 0.21 percent to $75.88 a barrel. According to stock market data, foreign institutional investors (FIIs) were sellers on Tuesday and sold shares worth a net Rs 3,978.61 crore. Domestic institutional investors (DIIs) bought shares worth Rs 5,869.06 crore.
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