Stock market slipped after initial gains, four sessions’ rise stopped, Sensex fell by 104 points, Nifty weakened by 32 points.

Mumbai, 7th July. The domestic stock market, which has seen good growth in the last four trading sessions, opened with gains on Tuesday too, but as the day progressed, both the benchmark indices closed in the red due to profit-booking dominating. Sensex fell by 104 points while NNE Nifty fell by 32 points. It was fortunate that the buying in Information Technology (IT) stocks stopped the decline to some extent.

Sensex weakened by 104.35 points 78,180.72 closed on points

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares fell 104.35 points or 0.13 per cent to close at 78,180.72 points. The index, which opened with a gain of 176 points compared to the previous evening, had at one point climbed 379.85 points to 78,664.92 points during trading. But when selling started it slipped 254 points to the day’s low of 78,031.04. Among Sensex related companies, 13 stocks closed with gains while 17 stocks closed with a decline.

nifty 31.65 by slipping points 24,398.70 off on

At the same time, Nifty, the standard index based on 50 shares of the National Stock Exchange (NSE), also slipped by 31.65 points or 0.13 percent and closed at 24,398.70 points, which had opened with an increase of 34 points compared to the previous session and had increased by almost 100 points to 24,530.90. Among the companies associated with Nifty, 24 shares remained in the green while 26 shares recorded weakness.

Highest in Trent’s stock 12.42% decline

Among the companies included in the Sensex group, Trent’s stock declined the most by 12.42 percent. The company witnessed heavy selling after its June quarter earnings growth fell short of market expectations. Apart from this, Adani Ports, Bharat Electronics, Larsen & Toubro, Reliance Industries and ICICI Bank also remained in loss. On the other hand, HCL Tech, Tech Mahindra, Infosys, Titan, Eternal and Tata Consultancy Services (TCS) were major gainers.

FII has 243.03 Net purchase of shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) made a net purchase of shares worth Rs 243.03 crore on Monday. On the other hand, global oil standard Brent crude rose by 1.22 percent to $ 72.87 per barrel.