Mumbai, First Published Feb 23, 2022, 3:49 PM IST
Trading on the National Stock Exchange in Mumbai fell for the sixth day in a row on factors such as Russia-Ukraine tensions and rising crude oil prices.
Trade on the National Stock Exchange in Mumbai ended with the Ukraine-Russia war tensions, fears that the US Federal Reserve will raise interest rates, the rise in international crude oil prices to $ 100 a barrel due to the Ukraine-Russia tensions, and the expiration of stock exchange treaties tomorrow.
The stock market was bullish as investors bought stocks eagerly from this morning as the market continued to lose ground for the last 5 days. But, after a while it moved back into decline.
The stock opened at 57,632 points this morning. The stock rose to a high of 57,733 points as investors eagerly bought shares. But lately the rise could not be sustained by the Mumbai Stock Exchange
With little progress on Ukraine-Russia relations, Russian President Vladimir Putin has said he is “ready to hold diplomatic and diplomatic talks to defuse tensions between Ukraine and to ease tensions.”
The Sensex ended 69 points lower at 57,232 on the Bombay Stock Exchange. At the National Stock Exchange, the Nifty was down 29 points at 17,050.
17 stocks fell on the Mumbai Stock Exchange, while banking and IT stocks gained.
Shares of public sector banks, real estate, consumer durables and metals rose in the Nifty. Bank, automobile and pharmaceutical stocks gained marginally.
.
Last Updated Feb 23, 2022, 4:57 PM IST