Domestic stock market declined for the second consecutive day, Sensex slipped 516 points, Nifty weakened 150 points.

Mumbai, 8 May. The domestic stock market fell for the second consecutive day due to weakening investor sentiment due to the growing geopolitical tension in West Asia due to the failure of an agreement to end the war between Iran and America. In this sequence, on Friday, the last day of the trading week, BSE Sensex fell by 516 points while NSE Nifty showed a weakness of 150 points.

Sensex 77,328.19 closed on points

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares fell 516.33 points or 0.66 per cent to close at 77,328.19 points. At one time during trading it had fallen to 698.09 points. Among Sensex related companies, shares of 12 were in profit while 16 were in decline.

nifty 0.62 percentage drop 24,176.15 closed on points

On the other hand, the National Stock Exchange (NSE) sensitive index Nifty based on 50 shares fell by 150.50 points or 0.62 percent to 24,176.15 points. Among the companies associated with Nifty, 21 stocks were on the rise and 29 were weak.

State Bank of India shares fell the most by 6.62 percent

Among the companies included in the Sensex group, shares of State Bank of India (SBI) fell the most by 6.62 percent after the March quarterly results. Apart from this, shares of HDFC Bank, Bajaj Finance, Axis Bank, UltraTech Cement and Mahindra & Mahindra also remained in loss. In contrast, Titan shares rose 4.76 percent after favorable quarterly results. Shares of Asian Paints, Adani Ports, Infosys and HCL Tech also rose.

FIIs sold shares worth Rs 340.89 crore

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 340.89 crore. At the same time, global oil standard Brent crude was trading at around $ 100 per barrel till the last news was received.