Sensex Closing Bell: Stock market slipped again after fluctuations; Sensex fell 138 points, Nifty below 24450 Today is really socking
The Awadh Times: Market – Sensex Closing Bell: Stocks closed lower today and remained steady throughout the session. Sensex witnessed a lot of volatility and lost 138 points due to speculation and lack of confidence in some sectors. Similarly, Nifty index fell below 24,450 points, indicating cautious investors amid mixed signals on global trade and domestic uncertainty.
Despite early gains, market participants are still anxious about future financials, changes in foreign investments and quarterly earnings figures. Also, sectors like banking, IT and metals are under pressure, leading to declines and giving hope for recovery.
Today’s market shows caution among traders and investors who pay attention to important events such as international trade and policy changes to determine future business.
Sensex Closing Bell: In a volatile session, the benchmark index BSE Sensex closed 138.74 points or 0.17 percent lower at 80,081.98 on Wednesday. Its 22 constituent stocks closed in the red. Let us know which stocks declined and which gained on the third trading day of the week.
Stock markets declined for the third consecutive day on Wednesday due to profit booking in shares of auto, pharma and capital goods companies amid continued withdrawal of foreign capital.
Sensex Closing Bell: Sensex and Nifty fell by more than 0.15%
In a volatile session, the benchmark BSE Sensex closed 138.74 points or 0.17 percent lower at 80,081.98, while its 22 constituent stocks declined. During the trading, the benchmark fell below the 80,000 marks to 79,891.68 points.
The NSE Nifty closed 36.60 points or 0.15 per cent lower at 24,435.50. Of the 30 Sensex stocks, Mahindra & Mahindra, Sun Pharma, Power Grid, NTPC, Adani Ports, Larsen & Toubro, ICICI Bank and Titan were the biggest laggards.
Sensex Closing Bell: Status of 30 Sensex stocks at market close on Wednesday
Image Credit: Amar Ujala
Bajaj Finance shares up 5 per cent
Bajaj Finance shares rose nearly 5 per cent. The company reported a 13 per cent rise in its consolidated net profit to Rs 4,014 crore in the second quarter ended September 2024.
Tech Mahindra, Tata Consultancy Services, HDFC Bank, HCL Technologies and Bajaj FinServ were among the other big gainers. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 3,978.61 crore on Tuesday, while domestic institutional investors (DIIs) bought shares worth Rs 5,869.06 crore.
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Sensex Closing Bell: Market sentiment affected by FIIs’ stance
According to market experts, the low earnings of companies in the quarterly results and the sudden reaction from FIIs disappointed the investors’ mindset, which affected the market sentiment.
However, after the recent decline, there is a bargain buying spree in midcap and small cap stocks, although the sustainability of buying remains uncertain due to this rise.
Image Credit: Amar Ujala
Vinod Nair, Head of Research, Geojit Financial Services, said, “There has been a slight increase in the 10-year interest rate in the US, which indicates a slow pace of interest rate cuts by the Fed, which has created a perception of reduced risk towards emerging markets.”
Sensex Closing Bell: Seoul, Shanghai and Hong Kong rise in Asian markets, rupee flat
Seoul, Shanghai and Hong Kong rose in Asian markets, while Tokyo fell. European markets had a mixed trend. US markets closed flat on Tuesday. Global oil benchmark Brent crude fell 0.97 percent to $75.30 per barrel.
On Tuesday, the BSE benchmark index fell 930.55 points or 1.15 percent to close at 80,220.72. NSE’s Nifty fell 309 points or 1.25 percent to close at 24,472.10. During this period, the rupee remained flat against the dollar and closed at 84.08.
