Share Market Today: Stock markets fall due to rising oil prices, fears of increasing war, loss to Sensex-Nifty
Mumbai. Sensex and Nifty declined in early trade on Monday. The rise in crude oil prices amid fears of escalating war in West Asia put pressure on the markets. Continued withdrawal of foreign capital also affected the sentiment in the markets. BSE Sensex fell 270.13 points to 73,049.42 in early trade while NSE Nifty slipped 93.60 points to 22,619.50.
Shortly after this, BSE Sensex fell by 509.77 points and started trading at 72,822.60 points and Nifty fell by 141.20 points and started trading at 22,571.90 points. Among the 30 companies included in the Sensex, shares of Reliance Industries, Kotak Mahindra Bank, Sun Pharma, InterGlobe Aviation, Adani Ports and ICICI Bank were the biggest losers. Shares of Trent, Titan, Tech Mahindra and Bharat Electronics were among the gainers.
In Asian markets, South Korea’s Kospi and Japan’s Nikkei 225 were in the lead. US markets were closed on Friday due to ‘Good Friday’. The price of international standard Brent crude stood at $ 109.8 per barrel with an increase of 0.74 percent. According to stock market data, foreign institutional investors (FIIs) were buyers on Thursday and sold shares worth Rs 9,931.13 crore.
However, domestic institutional investors (DIIs) bought shares worth Rs 7,208.41 crore. On Thursday, BSE Sensex closed with a gain of 0.25 percent and Nifty closed with a gain of 0.15 percent. Indian currency and stock markets were also closed on Friday on the occasion of ‘Good Friday’.
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