Stock Market Today: In the Indian stock market on Tuesday (Stock Market) has once again seen the dominance of selling. After Monday’s weakness, the market started lower today. Both Sensex and Nifty were seen in the red due to growing anxiety among investors.
of Bombay Stock Exchange (BSE) The 30-share Sensex opened at 75,970.28 on Tuesday. In the early trade itself, it was down by around 336 points. On the other hand, the National Stock Exchange’s (NSE) Nifty opened at 23,743.10 and was initially down 0.34 per cent, or 80.80 points, at 23,698.70.
A decline was observed in these stocks
Some of the biggest ones on the market stocksA sell-off was observed in Shares of TCS, HCL Tech, Sun Pharma and Mahindra & Mahindra (M&M) declined.
Apart from this, shares of NTPC (NTPC), Bharti Airtel (Bharti Airtel), Infosys (Infosys) and ICICI Bank (ICICI Bank) were also weak. However, gains were seen in ITC, Tata Steel and Bajaj Finserv.
Big drop in the market on Monday too
Before this, on Monday too, the Indian stock market (Domestic Market) had a huge decline. Sensex It closed down 382.62 points or 0.50 percent at 76,132.81. At one point during the day, the Sensex fell 544.91 points to 75,970.52.
Of the 30 stocks in the Sensex, 23 closed lower, while only 7 rose.
On the other hand, declines in stocks like Infosys, Reliance Industries and State Bank of India were also seen on the Nifty. The Nifty closed down 118.55 points, or 0.50 percent, at 23,779.15.
Which stocks fell the most?
In Monday’s trade, Infosys shares were the biggest loser in the Sensex, down 3.81 percent. Apart from this, Tech Mahindra fell by 1.96 percent, Tata Steel by 1.85 percent, Bajaj Finserv by 1.57 percent, Ultratech Cement by 1.41 percent and Tata Consultancy Services (TCS) by 1.28 percent.
Impact of these factors on the market
Due to increase in crude oil prices, increasing tension between America and Iran (Geopolitical Tension) and possibility of increase in interest rate in America, the investor sentiment is being affected. In this situation, selling pressure has been seen in the Indian market for the second day in a row.