Business

The stock market fell for the second consecutive day, the Sensex fell by more than 500 points, there was a big break in these stocks.

Photo:FILE stock market

Highlights

  • BSE Sensex closed at 53,886.61 points
  • NSE Nifty closed at 16,058.30 points
  • Brent crude fell to $104.6 per barrel

stock market On Tuesday, both the benchmark indices BSE Sensex and NSE Nifty closed down by about one percent amid selling in global markets for the second consecutive day. Investors are waiting for data on retail inflation and industrial production (IIP). The 30-share BSE Sensex opened with a fall and finally closed at 53,886.61 points, down 508.62 points, or 0.94 per cent. During trading, it declined up to 570.26 points. The Nifty of the National Stock Exchange also closed at 16,058.30, down 157.70 points, or 0.97 per cent.

The biggest fall in these stocks

Infosys, Nestle India, HCL Technologies, Hindustan Unilever, Mahindra & Mahindra and Kotak Mahindra Bank were the biggest losers among the Sensex stocks. On the other hand, gainers include NTPC, Bharti Airtel and Bajaj Finance. In other Asian markets, China’s Shanghai Composite, Japan’s Nikkei, South Korea’s Kospi and Hong Kong’s Hang Seng ended in losses. Major European markets declined in early trade. Stock markets in the US remained in losses on Monday.

crude oil and rolled

Meanwhile, international oil benchmark Brent crude fell 2.37 per cent to $104.6 per barrel. Foreign institutional investors were net sellers on Monday, according to stock market data. He sold shares worth Rs 170.51 crore.

Rupee at an all-time low

The rupee on Tuesday fell 15 paise to close at a new low of 79.60 (provisional) against the US currency at the interbank foreign exchange market on Tuesday amid a fall in domestic equity markets and a firming dollar in overseas markets. In the interbank foreign exchange market, the rupee opened with a weak trend at 79.55 per dollar and went up to a high of 79.53 and a low of Rs 79.66 during trading. In the end, the rupee closed at 79.60 per dollar, down 15 paise against the previous closing price.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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