Stock market fell for the third consecutive day due to profit booking, Sensex slipped near 84500, Nifty weakened by 42 points.

Mumbai17 December. Mixed data from the US market, continuous selling by foreign investors, rise in crude oil prices and weakness of the rupee put pressure on profit-booking in the domestic stock market on Wednesday. Although the benchmark indices had started with gains amid positive cues from the Asian market, they came under pressure as the day’s trading progressed and closed in the red for the third consecutive trading session. While BSE Sensex fell by 120 points and slipped near 84,550, NSE Nifty also fell by 42 points and stood near 25,800.

Sensex 120.21 by falling points 84,559.65 off on

Bombay Stock Exchange (BSE)’s benchmark index Sensex, based on 30 shares, opened at 84,856.26 with a gain of about 176 points compared to the previous evening, but fell by 120.21 points or 0.14 per cent and closed at 84,559.65. At one time during trading, it fell by 263.88 points to the level of 84,415.98. Among Sensex related companies, shares of 16 closed higher while 13 remained weak.

nifty 25,818.55 closed on points

On the other hand, the National Stock Exchange (NSE)’s 50-share sensitive index Nifty also opened at 25,902.40, up 42 points compared to Tuesday, but due to profit-booking pressure, it closed at 25,818.55 points, down 41.55 points or 0.16 percent, which is the lowest level in a week. Among Nifty related companies, shares of 25 strengthened while 24 declined. There was selling pressure in midcap and smallcap stocks in the broader market as well.

Trent’s stocks fell the most by 1.64 percent

Among the companies included in the Sensex group, Trent’s stock fell the most by 1.64 percent. Shares of HDFC Bank, Adani Ports, ICICI Bank, Bajaj Finserv, Bharat Electronics, Titan and Asian Paints also declined more. On the contrary, shares of State Bank of India, Infosys, Axis Bank and Maruti Suzuki were in gain.

FII has 2,381.92 Sold shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 2,381.92 crore on Tuesday while domestic institutional investors (DIIs) bought shares worth Rs 1,077.48 crore. Global oil benchmark Brent crude rose 2.12 percent to $60.17 per barrel.