The stock market ended in the negative for the third day in a row on Tuesday. Following this, the BSE Sensex lost 844 points. The Nifty, comprising the top 50 stocks of the National Stock Exchange, closed down 257.45 points (1.49 per cent) at 16,983.55. Global market cues were weak. In the domestic market, foreign institutional investors continue to sell shares and withdraw investments. Geopolitical influence is also increasing. Also, concerns about a global economic slowdown have weighed heavily on investor sentiment. While the domestic market started largely unchanged, stocks rallied as time went on. Thus, it ended with a heavy decline for the third day. Down 844 points: The Sensex opened the morning up 13.14 points at 58,004.25 and touched a high of 58,027.52. Later, the Sensex, which fell as low as 57,050.40, eventually closed down 843.79 points (1.46 per cent) at 57,147.32. At one point the Sensex had lost 977.12 points. 28 Stocks Declined: Apart from Axis Bank, Asian Paints, 28 other stocks were among the losers in the 30-cap Sensex index. Among them, Indus Ind Bank fell by 3.79 percent and Nestlé by 3.34 percent and faced the biggest losses. These were followed by Tata Steel, Infosys, HCL Tech, Tech Mahindra, Dr. Reddy, Hindustan Uni Lever, Maruti Suzuki, Titan, Reliance and others that declined by 2 to 3 percent. Also, leading corporate stocks including HDFC Bank, HDFC, Wipro, TCS, L&T, ICICI Bank, Kotak Bank, Bajaj Finance, Bajaj Finserv were among the decliners. Sharp fall in market value: The market capitalization of the Mumbai Stock Exchange fell by Rs 4.17 lakh crore to close at Rs 270.11 lakh crore. Meanwhile, foreign institutional investors on Monday invested Rs. 2,139.02 crores worth of shares sold.
