New Delhi/Mumbai: For the third day on Thursday, the stock market was dominated by ‘bears’. As a result, the BSE Sensex lost another 241 points. Similarly, the national stock market index Nifty settled down 71.75 points (0.39 per cent) at 18,127.35.
Global market cues were positive. As a result of this, the domestic market began to rise. But when the results of the Reserve Bank of India’s Monetary Policy Committee meeting were announced, the ‘bear’ dominated the market. In particular, promising products from global markets have failed to boost confidence in the domestic market. As a result, most of the gains made in the morning were lost, brokerage firms said.
Market cap decline: The market capitalization of the Mumbai Stock Exchange fell by Rs 2.39 lakh crore to close at Rs 280.56 lakh crore. Consequently, investors have lost a total of Rs.6.84 lakh crore in two days, Wednesday and Thursday alone. Also, foreign institutional investors (FIIs) sold shares to the tune of Rs 1,119.11 crore on Wednesday, according to market statistics.
Sensex falls: The Sensex, which opened the morning at 61,257.17 with a gain of 189.93 points, touched a high of 61,464.38. The Sensex, which later went down to 60,637.24, eventually closed down 241.02 points (0.39 per cent) at 60,826.22. In the Sensex list, only 6 stocks came in the expensive list while 24 stocks were in the low list.
Ultra Tech Cement advances: Popular cement maker Ultra Tech Cement led the gainers with a gain of 0.84 percent, Infosys gained 0.75 percent. Also, Asian Paint, Kotak Bank, Sunpharma, Bharti Airtel etc. rose by 0.40 to 0.65 percent.
M&M Sharp Decline: Meanwhile, leading auto major M&M declined 2.61 per cent, Bajaj Financier 2.55 per cent and Tata Motors 2.12 per cent led the decliners. Also, Indus Ind Bank, L&T, Tata Steel, Axis Bank, NTBC, Tech Mahindra, among others fell between 1 and 1.80 percent. Also, ITC, Bajaj Fin Saav, Hindustan Uni Lev, Bava Grid, HDFC Bank, HDFC,
Leading corporate stocks including Reliance, ICICI Bank, SBI and Maruti were among the fallers.