Stock Market Today: Outcry in the stock market over US-Iran talks, huge fall in Sensex, Nifty; These sectors suffer losses due to profit booking
Mumbai. Sensex and Nifty fell heavily in early trade on Wednesday due to uncertainty over US-Iran talks, fresh rise in crude oil prices and continued outflow of foreign capital. Sensex fell 699.74 points to 73,959.48 in early trade while Nifty slipped 177.40 points to 23,302.50.
Among the 30 companies included in the Sensex, shares of Tata Consultancy Services, Tech Mahindra, Infosys, HCL Tech, ITC and Eternal were the biggest losers. After the rise in the last few sessions, there was a sharp decline in the shares of IT companies due to profit booking. At the same time, shares of Maruti, Adani Ports, Asian Paints and Bharti Airtel remained in the lead.
In Asian markets, Japan’s Nikkei 225 and China’s SSE Composite were in the rise while Hong Kong’s Hang Seng was in the decline. American markets closed with gains on Tuesday. The price of international standard Brent crude stood at $ 96.85 per barrel with an increase of 0.89 percent.
According to stock market data, foreign institutional investors (FIIs) were net sellers on Tuesday and sold shares worth Rs 8,362.92 crore. On Tuesday, Sensex closed with a gain of 382.50 points and Nifty with a gain of 100.95 points.
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