Big fall in stock market amid weak global signals, Sensex fell by 533 points, Nifty slipped below 25900.

Mumbai, 16 December. Local stock markets closed with a big fall on Tuesday amid weak trend of global markets, rupee falling to a record low against the dollar and continuous capital withdrawal by foreign institutional investors (FIIs). While BSE Sensex fell by 533 points and went below the 85,000 level, NSE Nifty also fell by 167 points and slipped below 25,900. This was the second consecutive trading session in which a decline was seen. However, on Monday both the benchmark indices closed with a slight decline.

Sensex closed at 84,679.86 points

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 84,679.86 points, down 533.50 points or 0.63 per cent. At one time during trading it had fallen by 592.75 points to 84,620.61 points. Among Sensex related companies, shares of seven closed in the green while 23 registered a decline.

Nifty closed at 25,860.10 with a weakness of 167.20 points.

On the other hand, Nifty, the standard index based on 50 shares of National Stock Exchange (NSE), also fell by 167.20 points or 0.64 percent and closed at 25,860.10 points. Among Nifty related companies, shares of 11 ended with strength and 39 were weak. In the broader market, the BSE Midcap index of medium companies fell by 0.78 percent while the Smallcap index of small companies fell by 0.69 percent.

Highest in Axis Bank stock 5.03, decline of

⁠Among the companies included in the Sensex group, Axis Bank’s stock recorded the biggest decline of 5.03 percent. Apart from this, shares of Eternal, HCL Tech, Bajaj Finserv, Tata Steel, UltraTech Cement and Bajaj Finance also remained in loss. On the other hand, shares of Titan, Bharti Airtel, Mahindra & Mahindra and Asian Paints witnessed a bullish trend.

Rupee closed above 91 level for the first time against dollar.

Meanwhile, the rupee closed above the level of 91 against the American currency for the first time. The rupee also touched its all-time low of Rs 91.14 per dollar during trading.

FIIs made net sale of shares worth Rs 1,468.32 crore

According to stock market data, foreign institutional investors (FIIs) made a net sale of shares worth Rs 1,468.32 crore on Monday while domestic institutional investors (DIIs) made a net purchase of shares worth Rs 1,792.25 crore. In the global oil market, Brent crude fell 1.54 percent to $ 59.63 per barrel.