The domestic stock market continued to struggle in a red mark finally on Wednesday. The BSE Sensex fell 72.56 points at the end of 74,029.76 at the end of the business. Similarly, NSE Nifty also lost 27.4 points to close at the level of 22,470.50. According to PTI news, the stock market saw a decline due to heavy selling pressure in IT, telecommunications and realty stocks amid the possibility of global economic recession. In today’s business, Nifty was included in Infosys, Wipro, Tech Mahindra, Nestle, TCS with the most damaged shares, while IndusInd Bank, Kotak Mahindra Bank, Tata Motors, ITC, Bajaj Finance saw an increase.
How was the movement in which sector
The BSE smallcap gauge declined by 0.48 percent, while the midcap index fell by 0.57 percent. Focused IT, IT, Tech, Realty, Telecommunication, Metal, Capital Goods, Services and Industrial major in the BSE Sectoral Index were backward. The Sensex included Infosys, Tech Mahindra, Nestle India, Tata Consultancy Services, HCL Technologies, Asian Paints, Axis Bank, Zomato, Hindustan Unilever and Bharti Airtel. On the other hand, IndusInd Bank, Tata Motors, Kotak Mahindra Bank, Bajaj Finance, HDFC Bank, ITC, Sun Pharma, Bajaj Finserv and UltraTech Cement were in profit.
World market and crude oil
Asian markets were mixed with Tokyo, Seoul, Shanghai and Hong Kong. On Wednesday, European markets were trading in the mid -session deals. Wall Street closed under negative radius on Tuesday. The global benchmark Brent crude oil rose 0.34 percent to $ 69.80 per barrel. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 2,823.76 crore on Tuesday, while domestic institutional investors (DIIs) bought shares worth Rs 2,001.79 crore.
On Wednesday, there was a mixed trend in the global stock market, as investors were assessing the impact of President Donald Trump’s tariff after a decline on Wall Street. American futures and oil prices increased. France’s CAC 40 rose 0.9% to 8,014 in early trade. Trump has caused a stir in the global market by carrying forward his trade war. Trump has increased the tariff on Canadian steel and aluminum, which has removed the overload by the Ontario province of Canada, which made Trump angry. Japan’s benchmark Nikkei 225 slightly changed, closed at 36,819 with a gain of less than 0. 1%. Hong Kong’s Hang Seng closed down 0.9% to close at 23,566.42.
Latest business news