Decline continues in domestic stock market, Sensex falls 346 points, Nifty again below 26000 level

Mumbai, 29 December. The decline in the Indian stock market continued due to weak business during the year-end holidays, selling in oil and gas and IT stocks and continuous withdrawal of foreign capital. In this sequence, on Monday, the first day of the trading week, while the BSE Sensex fell by 346 points and slipped below the level of 85,000, the NSE Nifty once again fell below the level of 26,000.

Sensex closed at 84,695.54 points

Bombay Stock Exchange (BSE)’s 30-share sensitive index Sensex fell for the fourth consecutive trading session, falling 345.91 points or 0.41 per cent to close at 84,695.54. During trading, the Sensex at one time fell by 403.59 points to 84,637.86 points. Among Sensex related companies, shares of eight were on the rise while 22 were in decline.

Nifty stopped at 25,942.10 with a weakness of 100.20 points.

On the other hand, the National Stock Exchange (NSE)’s standard index Nifty based on 50 shares remained in loss for the third day and closed at 25,942.10 points, slipping 100.20 points or 0.38 percent. Among Nifty related companies, shares of 13 closed in the green while 37 showed weakness. In the broader market, the BSE Smallcap index of small companies lost 0.58 percent, while the Midcap index of medium companies lost 0.45 percent.

Adani Ports shares fell the most by 2.22 percent

Among the companies included in the Sensex group, Adani Ports shares recorded the biggest decline of 2.22 percent. Apart from this, there was a decline of 1.86 percent in HCL Tech, 1.85 percent in Power Grid, 1.36 percent in Trent, 1.26 percent in Bharat Electronics and 1.14 percent in Bharti Airtel. In contrast, Tata Steel shares had the highest rise of 1.83 percent. Shares of Asian Paints, Hindustan Unilever and Eternal also registered gains.

FIIs sold shares worth Rs 317.56 crore

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 317.56 crore on Friday while domestic institutional investors (DIIs) bought shares worth Rs 1,772.56 crore. Meanwhile, global oil standard Brent crude rose 1.70 percent to $61.67 per barrel.