Categories: Business

Stock market ends in red on weak cues


stock market today

new Delhi. The BSE Sensex ended the gains on Wednesday from the last four trading sessions. Both the Sensex and the NSE Nifty closed down slightly. The 30-share Sensex had fallen to 38,125.81 at one time during trading. It finally ended at 38,369.63 points, down 37.38 points, or 0.10 percent. Similarly, the National Stock Exchange's Nifty lost 14.10 points, or 0.12 percent, to close at 11,308.40. Kotak Bank was the biggest loser among the Sensex stocks. It declined by 2.10 percent. Apart from this, other major stocks that have fallen include Sun Pharma, Bajaj Finserv, L&T, Bajaj Finance, HUL and Titan. On the other hand, HCL Tech, SBI, Tech Mahindra, Maruti, Mahindra & Mahindra and Ultra Tech Cement have gained up to 4.86 percent.

According to traders, market sentiments were affected due to weak economic data and rising cases of corona virus. According to the government's data released on Tuesday, the industrial production of the country declined by 16.6 percent in June due to the economic activity affected due to the Korana virus crisis. Meanwhile, the number of cases of Kovid-19 infection globally has crossed 2.02 crore. At the same time, infection cases in India have crossed 23 million. Ajit Mishra, vice-president (research), Religare, said, "The enthusiastic response from the financial companies to fund raising has strengthened investor sentiment towards bank shares, keeping the standard index high. There was a slight softening in areas that had gained momentum recently. "He said," As we look at global markets in a big way, further activities in terms of the announcement of stimulus package and between the US-China Investors will keep an eye on trade stress. Traders should be mindful of the selection of shares as we are still seeing opportunities in various sectors. ”Among other major markets of the world, Hong Kong, Japan, Tokyo and South Korea Sol ended in China with Shanghai in China. Was at a loss Initial trading was recorded in major markets in Europe. Brent crude, the global oil standard, rose 1.48 percent to $ 45.16 a barrel. Here, the rupee fell 5 paise to close at 74.83 against the US dollar.

This post was published on August 13, 2020 3:06 am

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