Share Market: The stock market boomed as soon as it opened! Sensex fell 530 points, Nifty opened below 24,200

Mumbai, 23 April. Domestic stock markets Sensex and Nifty registered a decline in early trading on Thursday. Investor sentiment has been affected as crude oil prices once again crossed $100 per barrel amid the US-Iran talks being stalled. Withdrawal of foreign capital and weak trend in Asian stock markets also weakened the markets. BSE Sensex fell 532.83 points to 77,983.66 in early trade while NSE Nifty slipped 175.75 points to 24,202.35.

Among the 30 companies included in the Sensex, shares of Tech Mahindra, Eternal, InterGlobe Aviation, Mahindra & Mahindra, Asian Paints and Infosys were the biggest losers. Only Sun Pharma and Power Grid shares rose. In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225, China’s SSE Composite and Hong Kong’s Hang Seng were in decline. American markets closed with gains on Wednesday.

The price of international standard Brent crude rose 1.36 percent to $ 103.3 per barrel. According to stock market data, foreign institutional investors (FIIs) were sellers on Wednesday and sold shares worth Rs 2,078.36 crore. Sensex closed with a fall of 0.95 percent and Nifty with a fall of 0.81 percent on Wednesday.

• Movement seen in these shares

Shares like Dr Reddy’s, ONGC, Jio Financial, Cipla and Bharat Electronics gained on Nifty. On the other hand, fall in big stocks like InterGlobe Aviation, UltraTech Cement, SBI Life, Asian Paints and M&M increased the pressure on the market.