Share Market Update: Sensex down 200 points, Nifty also down 100 points, heavy selling in pharma and banking shares…

Business Desk – Share Market Update: Today, on June 2, a decline is being seen in the stock market. Sensex is trading at 74,100 level with a fall of 200 points. Nifty has also fallen by about 100 points. It is trading at the level of 23,300. Today, maximum decline is being seen in shares of pharma, healthcare and banking sectors, while maximum buying is being seen in IT shares.

Today mixed business was seen in Asian markets. Japan’s Nikkei fell 1,101 points or 1.64% to close at 65,833, while South Korea’s Kospi fell 154 points or 1.45% to 8,634. At the same time, Hong Kong’s Hang Seng was seen trading at 25,641 with a gain of 242 points or 0.97%.

At the same time, American markets closed with gains on Tuesday. Dow Jones closed at 51,079, up 46 points or 0.09%. Nasdaq rose by 114 points or 0.42% to reach 27,087. S&P 500 also closed at 7,600, up 20 points or 0.26%.

Foreign investors (FII/FPI) have made a net sale of Rs 59,875 crore from the Indian stock market in the last 30 days. At the same time, domestic institutional investors (DIIs) made net purchases of Rs 87,778 crore during the same period. In the last 7 days, FIIs sold shares worth Rs 26,060 crore, while DIIs bought shares worth Rs 25,694 crore. In the latest session, FIIs sold Rs 3,912 crore and DIIs bought Rs 5,109 crore.

South Korea’s stock market overtakes India’s

South Korea’s stock market has become the sixth largest market in the world, leaving India behind. A major reason behind this boom is the country’s huge chip manufacturing companies, which are continuously making new records on the basis of the increasing pace of adoption of Artificial Intelligence (AI) across the world.

According to Bloomberg data, the total market capitalization of South Korea’s listed companies has increased by 86% this year to reach $5 trillion (about Rs 475 lakh crore). In contrast, the market capitalization of the Indian stock market has declined to $4.8 trillion (approximately Rs 456 lakh crore).

A decline was seen in the market yesterday also

Earlier, yesterday on June 1 also a decline was seen in the stock market. The Sensex closed at 74,267 with a fall of 508 points. Nifty also fell by 165 points and closed at the level of 23,382.