Stock Market Today: Stock markets fell under the pressure of IT companies, Sensex-Nifty opened with a decline.
Mumbai. Under pressure from IT companies, domestic stock markets witnessed selling in early trade on Thursday and BSE Sensex fell by more than 400 points. Sensex opened with a fall of 265.21 points at 83,968.43 points and fell by 438 points.
Sensex and Nifty declined in early trade on Thursday. The markets continued their decline in the previous session with the 30-share BSE Sensex falling 421.66 points or 0.50 per cent to 83,811.98 in early trade while the 50-share NSE Nifty slipped 121.10 points or 0.47 per cent to 25,832.75. Analysts say that investors have also become more cautious due to rising prices of crude oil.
Among the companies included in the Sensex, shares of Infosys, Tech Mahindra, Tata Consultancy Services, HCL Technologies, Eternal, Mahindra & Mahindra, Asian Paints, HDFC Bank, Adani Ports, IndiGo, Maruti Suzuki India and Sun Pharmaceuticals declined. On the other hand, shares of ICICI Bank, Bharat Electronics Limited, Bajaj Finance, State Bank of India, Tata Steel, NTPC, Titan, Larsen & Toubro, Axis Bank and Bharti Airtel saw a rise.
In Asian markets, South Korea’s Kospi rose more than two percent. Japan’s Nikkei 225 and China’s SSE Composite were also trading in positive territory while Hong Kong’s Hang Seng remained in decline. American stock markets closed with a decline on Wednesday.
The price of international standard Brent crude stood at $ 69.72 per barrel with an increase of 0.46 percent. According to stock market data, foreign institutional investors (FIIs) were buyers on Wednesday and bought shares worth Rs 943.81 crore. Domestic institutional investors made net sale of shares worth Rs 125.36 crore.
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