Stock market slowed down due to rise in crude oil prices, Sensex fell by 417 points, Nifty weakened by 97 points.

Mumbai, 28 April. The Indian stock market witnessed a decline on Tuesday due to the sharp rise in crude oil prices amid global uncertainty. In this sequence, BSE Sensex fell by 417 points while NSE Nifty declined by 97 points.

Sensex fell 0.54 percent and closed at 76,886.91 points.

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares fell 416.72 points or 0.54 per cent to close at 76,886.91 points. At one time during trading it fell by 562.57 points to 76,741.06. Among Sensex related companies, stocks of 19 remained weak and 11 gained strength.

Nifty fell 0.40 percent and closed at 23,995.70 points.

At the same time, the National Stock Exchange (NSE) sensitive index Nifty based on 50 shares fell by 97 points or 0.40 percent and closed at 23,995.70 points. Among Nifty related companies, 18 shares were in profit and 32 were in decline.

Axis Bank stock fell the most by 2.65 percent

Among the companies included in the Sensex group, Axis Bank’s stock fell the most by 2.65 percent. Shares of HCL Tech, InterGlobe Aviation, Maruti Suzuki, State Bank of India and ICICI Bank also closed majorly with losses. In contrast, shares of Reliance Industries, Bharti Airtel, Tech Mahindra and Sun Pharma registered gains.

FIIs sold shares worth Rs 1,151.48 crore

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 1,151.48 crore on Monday. At the same time, global oil standard Brent crude jumped by 2.97 percent to reach $ 111.4 per barrel.