Categories: Business

Sensex closes by 59 points; market ends steady on foreign cues

Stock market today
Image Source: GOOGLE

new Delhi. Due to negative signals from the foreign markets and the selling of stock spectrum, the stock market continued to rise in the last 5 days. However, today's decline in the market was extremely limited due to the rise in big stocks like Reliance Industries. In today's trade, the Sensex has fallen by 59 points to 37872 and the Nifty has lost 30 points to close at 11133. Public sector banks have seen the biggest decline in today's business.

The effect of positive signs on the corona vaccine ended in the market a day ago, when the number of deaths due to corona crisis in one day in the US has crossed 1000, while the total number of corona cases is 1, 5 crores. With this, China has become a possibility of deepening the US dispute once again. The United States has banned 11 Chinese companies over human rights, while China in Houston has also been asked to close the consulate. In return, China has also indicated steps. These signals kept investors away from the market.

Given the negative signals, foreign markets are seen declining today. There was a downward trend in the European market at the close of the domestic market. During this period, France's CAC 40 was down by 1.28 per cent, Germany's DAX by 0.49 per cent and UK's FTSE 100 by 0.97 per cent. Hong Kong's Hangseng has recorded a decline of 2.25 per cent, Japan's Nikkei by 0.58 per cent. On the other hand, China's Shanghai Composite has gained 0.37 per cent.

State-owned banks have reported the biggest fall in the domestic market, with the index closing down 1.50 percent. At the same time, the auto sector index closed down by 1.23 percent. The FMCG sector declined by 0.74 percent and the metal sector by 0.24 percent. On the other hand, the banks and pharma sector index closed with an increase, although the increase was less than half a percent.

This post was published on July 22, 2020 10:58 pm

Content Team

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