‘Bear’ rule for 7th day: Sensex loses 188 points

by time news

Bear’s dominance continued on Thursday for the 7th day in the stock market. Subsequently, the BSE Sensex, comprising 30 top-tier stocks, lost another 188 points. The Nifty, comprising the top 50 stocks of the National Stock Exchange, lost 40.50 points (0.24 per cent) to end at 16,818.10.

US markets ended on a positive note on Wednesday. As a result of this, the domestic market began to boom. However, as time went on, the bear’s grip tightened. As a result, most of the morning’s profits were lost. In the pre-market, the ups and downs were seen increasing due to the last day for settlement of September contracts. Eventually the market ended with a crash. Pharma, HealthCo, BSU Bank and Media stocks were marginally supported.

Sensex down 188 points: The Sensex, which opened at 56,997.90 in the morning, rose 399.62 points to touch a high of 57,166.14. Later, the Sensex, which went down to 56,314.05, eventually lost 188.32 points (0.33 percent) to end at 56,409.96. On the Sensex, 14 stocks gained. 16 stocks came on the losers list.

ITC advances: Leading the gainers on the Sensex was consumer electronics major ITC with a gain of 2.51 percent and Dr. Reddy with a gain of 2.13 percent. Next, Tata Steel, Sunpharma, Nestlé, M&M and NTPC rose between 1 and 1.70 percent.

Asian Paints fall sharply: Meanwhile, leading paint maker Asian Paints led the decliners with a decline of 5.22 percent. Next, Tech Mahindra, Titan, Kotak Bank, Bajaj Finance, TCS, Wipro, Maruti Suzuki, L&T, Bajaj Fin Sav and others declined between 1 and 1.70 percent. Also, leading corporate stocks including SBI, ICICI Bank, HDFC Twins and Reliance were also on the lower list.

Market cap loss of Rs 28 thousand crore: Market capitalization fell by Rs 28 thousand crore to close at Rs 268.15 lakh crore. Meanwhile, foreign institutional investors on Wednesday invested Rs. 2,772.49 crores have sold shares and withdrawn investments.

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