Mumbai, First Published Apr 5, 2022, 3:50 PM IST
Mumbai and national stock exchanges started trading with a decline this morning and ended with a fall. The bear has dominated today as it has dominated the bull for the past 2 days
The beginning is the decline
If the US stock market ends higher yesterday, the impact will be felt on the Indian stock market as well. Thus the Mumbai, National Stock Exchanges were in decline even before the start of trading.
Crude oil prices
International crude oil prices fell sharply to $ 2 a barrel today. Expectations of escalating sanctions on Russia over the Ukraine-Russia war and the suspension of talks with Iran have frightened investors.
Vehicle sales
The fall in domestic sales of motor vehicles and the rise in petrol and diesel prices have caused great reluctance among investors.
The Sensex opened 100 points lower and the Nifty fell below 18,050 points in early trade on the Bombay Stock Exchange. The decline continued to be expected to change in the afternoon
Fall
The Sensex was down 435 points at 60,176 on the Bombay Stock Exchange at the end of the evening trade. At the National Stock Exchange, the Nifty was down 96 points at 17,957, down 18,000 points.
2,280 shares gained, 1035 shares declined and 97 shares remained unchanged in today’s trade.
Shares of HDFC, HDFC Bank, Bajaj Pinserv, Reliance Industries and Kotak Mahindra Bank ended lower in the Nifty. Adani Ports, NTPC, Tata Motors, Power Grid Corporation and Tata Consumer Products gained.
ITC, TCS
Of the 30 major stocks on the Mumbai Stock Exchange, ITC shares rose 2.5 per cent. Shares of TCS, Titan, Axis Bank, Nestle India and HUL gained 1.6%. The consumer sector, FMCG, automobile and power sectors also grew by 1.5 per cent to 2 per cent.
Shares of automobile, FMCG, metals, pharmaceuticals and information technology stocks traded higher in the Nifty. In contrast, the banking, public sector banks, private sector banks, media, financial services and real estate sectors are in decline.
Last Updated Apr 5, 2022, 3:53 PM IST