Mumbai, 22 July. Crude oil prices have been rising steadily following resurgent tensions in West Asia as new concerns spread over possible US tariffs on drug imports, leading to a major fall in the Indian stock market on Wednesday as both benchmark indices closed in the red for the third consecutive day due to selling in most sectors. While BSE Sensex fell by 715 points and slipped below 77000, NSE Nifty fell by 191 points and slipped below 24000.
Sensex fell 0.92 percent and closed at 76,755.05 points.
Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 76,755.05, falling 715.06 points or 0.92 per cent. At one time during trading, it had slipped by 828.92 points to 76,641.19 points. Among Sensex related companies, shares of 24 remained in the red while six showed strength.
Nifty fell 191.45 points and closed at 23,996.25
At the same time, Nifty, a sensitive index based on 50 shares of National Stock Exchange (NSE), also fell by 191.45 points or 0.79 percent and closed at 23,996.25 points. Among Nifty related companies, shares of 11 were in profit while 39 were in decline. If we look at the broader market, BSE Midcap Select index of medium companies fell by 1.33 percent while Smallcap of small companies fell by 1.16 percent.
InterGlobe Aviation’s stocks fell the most by 3.57 percent.
Among the companies included in the Sensex group, the stock of InterGlobe Aviation fell the most by 3.57 percent. Infosys, State Bank of India, UltraTech Cement, ICICI Bank and Axis Bank also declined prominently. Hindustan Unilever, NTPC, Power Grid and Titan were among the gainers.
FIIs made net purchase of shares worth Rs 1,650.16 crore
Foreign institutional investors (FIIs) remained buyers on Tuesday. According to stock market data, FIIs made net purchases of shares worth Rs 1,650.16 crore in the last trade. Meanwhile, the price of Brent crude, the global oil standard, rose 4.68 percent to $95.27 per barrel.
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