Mumbai15 May. Due to the ongoing crisis in the Middle East, the continuously weakening rupee and rising inflation in the international market, the Indian stock market has also entered the path of instability. In this sequence, after the rise of the last two days, on Friday, the last day of the trading week, both the standard indices lost their initial gains and closed with a decline.
In fact, caution was seen among investors amid selling in metal, oil and gas and PSU bank shares and rise in crude oil prices. The result was that the day’s gain turned into a loss by the end of the trading session. While BSE Sensex slipped by about 161 points, NSE Nifty weakened by 46 points.
Petrol and diesel prices increased in India
It is noteworthy that due to the ongoing tug of war between Iran and America regarding the movement of ships in the Strait of Hormuz, the oil crisis continues in the global market. In this sequence, government oil marketing companies in India on Friday increased the prices of petrol and diesel by Rs 3 per liter each, while CNG prices increased by Rs 2 per kg.
Sensex 75,237.99 closed on points
Bombay Stock Exchange (BSE)’s benchmark index Sensex, based on 30 shares, fell 160.73 points or 0.21 per cent to close at 75,237.99 amid fluctuations. During trading, at one time the Sensex had reached 75,870.36 points with a gain of 471.64 points. But later it came down under selling pressure. Among the Sensex related companies, shares of 14 closed with gains and 16 declined.
nifty 23,643.50 off on
On the other hand, the standard index Nifty of National Stock Exchange (NSE) fell 46.10 points or 0.19 percent and closed at 23,643.50. During trading, the index had at one time climbed 149.70 points to reach 23,839.30 points. Among Nifty related companies, 22 stocks remained in the green mark while 28 stocks remained weak.
Tata Steel shares fell the most by 1.97 percent
Among the companies included in the Sensex group, Tata Steel shares fell the most by 1.97 percent. Shares of State Bank of India, Reliance Industries, UltraTech Cement, Mahindra & Mahindra, Bharat Electronics, Larsen & Toubro, Trent, Axis Bank and Asian Paints declined. On the other hand, Infosys, Tech Mahindra, PowerGrid, Adani Ports, Maruti Suzuki, Bharti Airtel, Kotak Mahindra Bank, Hindustan Unilever and Sun Pharma were among the gainers.
rupee for the first time 95.94 Closes at record low per dollar (temporary)
Meanwhile, the rupee slipped below the 96 level for the first time and closed at a record low of 95.94 per dollar (provisional). At the same time, international oil standard Brent crude rose by more than three percent to reach $ 109.23 per barrel. On the other hand, foreign institutional investors bought shares worth Rs 187.46 crore on Thursday while domestic institutional investors invested Rs 684.33 crore.
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