Indian stock market today: Domestic stock markets closed with a slight decline on Monday amid weak trend in global markets and continuous selling by foreign investors. Sensex fell by 54 points while Nifty lost 20 points. According to analysts, the fall of the rupee against the dollar and uncertainty over the India-US trade agreement also affected investor sentiment.
condition of stock market
BSE’s 30-share standard index Sensex slipped 54.30 points or 0.06 percent and closed at 85,213.36 points. At one time during trading it had fallen by 427.34 points to 84,840.32. But due to buying at lower levels, it compensated for the loss to a great extent.
The 50-share standard index Nifty of the National Stock Exchange (NSE) closed at 26,027.30 points with a decline of 19.65 points or 0.08 percent.
There was rise and fall in these shares
Among the companies included in the Sensex group, Mahindra & Mahindra, Maruti Suzuki, Adani Ports, Bajaj Finserv, Titan and HDFC Bank were mainly among the losers. On the other hand, shares of Hindustan Unilever, Trent, HCL Tech, Asian Paints and Tata Steel registered a rise.
According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 1,114.22 crore on Friday, while domestic institutional investors (DIIs) bought shares worth Rs 3,868.94 crore.
Other markets in Asia
In other markets of Asia, South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng index closed with losses. There was a rise in trading in European markets, while American markets closed with a decline on Friday.
Vinod Nair, Head of Research, Geojit Investments Limited, said, “The market remains in a tight range due to continuous selling of foreign funds and weak rupee. The rupee may remain volatile until there is clarity on the India-US trade agreement.” The rupee slipped 25 paise and closed at an all-time low of 90.74 (provisional) per dollar against the American currency. During trading, at one time the rupee had fallen to its lowest ever level of 90.80 against the dollar.
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