Market closed with decline, Sensex 123 and Nifty lost 31 points
The stock market closed today with a fall. On Monday, the first day of the last trading week of this month, the 30-stock Sensex of BSE closed at 52,852.27 with a fall of 123 points. At the same time, NSE’s Nifty ended today’s trading at the level of 15,824.45 with a loss of 31.60 points. During this, 27 stocks in Nifty 50 closed on the green and 22 on the red mark. In the Sensex, 19 stocks closed with losses and 11 gains. Whereas, the shares of 20 companies of Nifty 50 closed on the green mark and 30 on the red mark. If we talk about sectoral indices, except Nifty IT, Media, Metal and Pharma, Auto, PSU Bank, Nifty Bank, Nifty Financial Services, Private Bank were weak and closed on the red mark. SBI Life closed at Rs 1092.05, up 3.96 per cent in Nifty top gainer. At the same time, Bajaj Finserv, Hindalco, Divis Lab, UltraTech also remained in the list of top gainers. JSW Steel, Wipro, Reliance, SBI and BPCL were the top losers.
Narendra Solanki, Head of Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers said, “Indian markets started with losses amid negative trend in Asian markets.
However, the market continued to move in a positive and negative range in the afternoon trade. Market investors are worried about the attitude of foreign portfolio investors (FPIs). FPIs have withdrawn Rs 5,689 crore from Indian equities in July so far. Vinod Nair, Head of Research, Geojit Financial Services said, “The market kept swinging between profit and loss in volatile trade. Global markets also witnessed a weak trend. Nair said the education, property and technology sector stocks in China fell sharply after the government tightened regulations. BSE Smallcap rose 0.34 per cent. Midcap gained 0.06 per cent.
In other Asian markets, China’s Shanghai Composite, Hong Kong’s Hang Seng and South Korea’s Kospi ended in losses. Japan’s Nikkei made gains. European markets were trading in losses in afternoon trade. Meanwhile, international benchmark Brent crude fell 0.34 per cent to $73.85 a barrel. The rupee fell by two paise to close at 74.42 per dollar in the interbank foreign exchange market. Foreign institutional investors sold shares worth a net Rs 163.31 crore on Friday, according to provisional data from stock exchanges.
early morning.
The stock market had a sluggish start today. The Sensex opened just 9.46 points higher at 52,985.26 on the first day of the last trading week of July and fell 184.12 points to 52,791.68 as soon as it opened. At the same time, the Nifty of the National Stock Exchange also opened at the level of 15849 and fell by 24.95 points at the level of 15,831.10 in early trade itself.
