Stock market closed at red mark for the second consecutive day, Sensex fell by so many points

Mumbai : The stock market appears to be in danger due to continuous withdrawal of foreign funds. Today again for the second day in a row the market has closed with a red danger mark. Due to selling of shares of big companies like Reliance Industries, ICICI Bank and State Bank of India, there was a bearish atmosphere in the stock market for the second consecutive day on Friday. Due to this, both the major indices of the market have also declined.

BSE's standard index Sensex based on 30 shares closed at 79,486.32 points with a decline of 55.47 points or 0.07 percent. At one time during trading, this index had fallen from 424.42 points to the level of 79,117.37 points. The index Nifty of National Stock Exchange i.e. NSE also fell by 51.15 points or 0.21 percent and closed at 24,148.20 points.

These companies suffered losses

Among Sensex companies, shares of Tata Steel, State Bank of India, Reliance Industries, Asian Paints, NTPC, Tata Motors, ICICI Bank and IndusInd Bank closed with the biggest decline. On the other hand, shares of Titan, Tech Mahindra, Mahindra & Mahindra, Infosys, Nestle and Hindustan Unilever closed with gains. According to stock market data, foreign institutional investors (FIIs) made a net sale of shares worth Rs 4,888.77 crore on Thursday.

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The trend of decline continues

Vinod Nair, Head of Research, Geojit Financial Services, has said that investors have adopted a cautious attitude due to the disappointment arising from the quarterly results of companies and the withdrawal of FIIs from the Indian market. Due to this the trend of decline in the market continued. The US Federal Reserve has also continued the round of interest rate cuts to boost the economy.

closed with edge

In other markets of Asia, China's Shanghai Composite, South Korea's Kospi and Hong Kong's Hang Seng closed with losses while Japan's Nikkei remained on the rise. European markets were trading lower in the afternoon session. Most of the US markets closed with gains on Thursday.

price per barrel

Meanwhile, global oil benchmark Brent crude fell 1.28 percent to $74.66 per barrel. On Thursday, BSE Sensex fell 836.34 points to close at 79,541.79 points and Nifty slipped 284.70 points to close at 24,199.35 points.

(with agency input)