Share Market: Investors are in bad shape due to the fall, Sensex fell by 528 points, these companies including Tata Steel suffered huge losses.

Mumbai: The trend of decline in domestic stock markets continued for the second consecutive day on Thursday. Major benchmark index BSE Sensex fell 528 points. Whereas NSE's Nifty remained at a loss of 162 points. According to traders, the market fell due to selling in shares of major companies like HDFC Bank, TCS and Reliance Industries as capital withdrawal by foreign institutional investors continued. Investors are confused about the quarterly results of companies, which intensified the selling. Additionally, extremely low inflation data in China is a sign of poor demand.

Information technology company TCS's December quarter results came after the market closed on Thursday. The 30-share Sensex fell 528.28 points, or 0.68 percent, below the 78,000-mark to 77,620.21. At one time during trading it had fallen to 605.57 points. National Stock Exchange's Nifty also closed at 23,526.50 points with a decline of 162.45 points or 0.69 percent.

Losses to these companies including Tata Steel

Among the 30 Sensex stocks, Tata Steel, Zomato, Larsen & Toubro, Tata Motors, Adani Ports, Tata Consultancy Services, HDFC Bank and NTPC were major losers. On the other hand, the profitable stocks include Nestle, Hindustan Unilever, Mahindra & Mahindra, Kotak Mahindra Bank, Asian Paints and Bharti Airtel. According to stock market data, foreign institutional investors sold shares worth Rs 3,362.18 crore on Wednesday.

Like other markets of Asia, India also declined

Vinod Nair, Research Head, Geojit Financial Services, said that like other markets in Asia, the Indian stock market also declined. There was a sell-off in US bonds as investors turned cautious. The reward on 10-year bonds in the US has reached the highest level since April 2024. This is a signal of a lower policy rate cut by the Federal Reserve. Vinod Nair said that apart from this, disappointing inflation data in China has increased the pressure. That suggests recent stimulus measures have failed to boost the world's largest consumer market.

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condition of european markets

In other markets of Asia, South Korea's Kospi was in profit while Japan's Nikkei, China's Shanghai Composite and Hong Kong's Hang Seng were in loss. There was a mixed trend in the markets of Europe. Most markets in America were in gains on Wednesday. Global oil benchmark Brent crude fell 0.11 percent to $ 76.05 per barrel. BSE Sensex had fallen by 50.62 points on Wednesday while NSE Nifty had lost 18.95 points.