Hdfc: Markets fall after 2-day rally; HDFC twins, Reliance drag Sensex over 413 points lower


MUMBAI: Benchmark stock indexes closed lower on Tuesday after a two-day rally dragged lower by major indices HDFC Gemini and Reliance Industries.
The 30-stock BSE Sensex fell 413.24 points, or 0.66 percent, to close at 61,932.47 even after beginning trading on a firm note. For the day, it fell 498.3 points, or 0.79 percent, to 61,847.41.
The NSE Nifty fell 112.35 points, or 0.61 percent, to close at 18,286.50.
Among the Sensex firms, the biggest laggards were HDFC, HDFC Bank, Mahindra & Mahindra, Kotak Mahindra Bank, Bharti Airtel, Tata Motors, Reliance Industries and Maruti.
Bajaj FinanceState Bank of India, NTPC, Hindustan Unilever, Titan, Infosys, Bajaj FinservWipro, Asian Paints and Tata Consultancy Services were among the biggest gainers.
In Asia, markets in Seoul, Tokyo and Hong Kong ended in the green while Shanghai settled lower.
The European markets were mostly in the green. The USA market had ended in profits on Monday.
“The domestic benchmark’s rise to record highs was punctuated by selling pressure in heavyweight stocks, although small and mid-cap stocks outperformed. As expected, the euro-zone economy posted modest quarter-on-quarter growth of 0.1 percent in the following January-March period, a flat previous quarter. Trading was cautious in the US market as debt ceiling negotiations took precedence,” said Vinod Nair, director of research at Geojit Financial Services.
Meanwhile, global oil benchmark Brent crude fell 0.65 percent to $74.82 a barrel.
Foreign institutional investors (FIIs) were buyers on Monday, buying shares worth Rs.1,685.29 crore, according to stock market data.
The BSE benchmark rose 317.81 points, or 0.51 percent, on Monday to close at 62,345.71. The broader NSE Nifty gained 84.05 points, or 0.46 percent, to close at 18,398.85.

Source link


Please enter your comment!
Please enter your name here

Share post:




More like this