The stock market ended negative on Tuesday, the second trading day of the week. Following this, the Bombay Stock Exchange benchmark Sensex fell 359 points.
Market selling pressure eased after a three-day uptrend as participants focused on recording profits amid rising crude oil prices and weak European stock markets.
Moreover, investors were cautious before the release of data on economic growth. At the same time, traders said the depreciation of the rupee had further affected the sentiment of investors.
Market analysts said the fall in crude oil prices to more than $ 120 a barrel following the EU’s ban on Russian oil imports could put further financial pressure on more crude importers such as India, market analysts said.
1,741 shares of the company rise in price: 1,741 shares of the total 3,477 companies traded on the Mumbai Stock Exchange were listed on the gains.
1,612 shares came on the fall list. 124 shares remained unchanged. 73 stocks recorded new 52-week highs and 55 stocks recorded new lows. The market capitalization stood at Rs 257.78 lakh crore at the close of trading.
Meanwhile, foreign institutional investors bought shares worth Rs 502.08 crore on Monday after consistently selling shares and withdrawing their investments.
Results for the 3 day boom:
The Sensex, which had started the day 303.73 points lower at 55,622.01, fell to 55,369.14. Then, the high went up to 55,925.62
The Sensex was down 359.33 points (0.64 per cent) at 55,566.41. The market witnessed ups and downs throughout the day.
16 shares fall in Sensex: 14 out of 30 top grade stocks in the Sensex list gained. 16 stocks were on the fall list. Of these, Sun Pharma, a leading pharmaceutical company, fell 3.11 percent to top the list. It was followed by Kotak Bank at 2.55 per cent and HDFC at 2.50 per cent. Also, Titan, Infosys, SBI, Axis Bank, Reliance and HDFC Bank fell 1 to 1.70 per cent.
M&M uptrend: Leading automaker M&M was up 3.61 per cent, NTPC 3.48 per cent, Power Grid 2.06 per cent and Tech Mahindra 1.46 per cent.
Also, Tata Steel, ITC, Asian Paint, ICICI Bank, Wipro and Nestle were slightly higher on the earnings list.
Nifty falls 77 points:
1,030 shares gained on the National Stock Exchange. 905 shares fell. In the Nifty list, 27 stocks were on the gains list and 21 stocks were on the fall. The Nifty, which started the day at 82,95 points lower at 16,578.45, fell to 16,521.90. Then, the Nifty rose to a high of 16,690.75 and finally lost 76.85 points (0.46 percent) to settle at 16,584.55.
Metal, realty indices improve: The realty index rose 2.01 percent on the National Stock Exchange topped the earnings list. In addition, media and metal indices rose 1.54 percent and 1.31 percent, respectively. Auto and FMCG indices also gained slightly. However, Nifty Bank, Private Bank, PSU Bank, Oil & Gas, Consumer Durables, Pharma and Financial Services fell 0.50 to 1 per cent.
LIC shares fell 3.21 percent
Shares of LIC, which was recently listed on the Bombay Stock Exchange, fell 3.21 per cent to close at Rs 810.85 on Tuesday. Shares of LIC traded higher at Rs 822 in early trade on the National Stock Exchange. At the Bombay Stock Exchange, the stock traded down 3.05 per cent at Rs 811.50. LIC shares ended positive for only two days last week so far from the date of listing. The other days all ended negatively.
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