Indian The stock market closed down on Friday, the last trading day of the week. The Bombay Stock Exchange index Sensex closed at 77,860 today due to a decline of 0.25 per cent or 197 points. At the same time, NSE Nifty closed down 0.18 per cent or 43 points to close at 23,559 points. While closing the market, out of 50 shares of Nifty Pack, 28 shares were on green mark and 23 shares were on red mark. In the meeting of RBI MPC, it has been decided to reduce the major interest rate from 0.25 per cent to 6.25 per cent today. Despite this, the positive sentiment was not seen in the market.
Why the stock market falling?
According to experts, foreign investors are withdrawing money from the Indian markets due to the strong dollar. The dollar index is currently trading above 107. At the same time, the US 10 year Treasury is at 4.438%. According to experts, FII is less likely to put money in India until the dollar falls to about 100 and 10 -year Treasury below 4 per cent.
These shares rise
Nifty Pack shares were the biggest increase in 4.24 per cent in Tata Steel, 3.73 per cent in ITC hotels, 3.60 per cent in Bharti Airtel, 3.35 per cent in JSDB Steel and 3.09 per cent in Trent. Apart from this, 2.49 per cent in ITC, 2.11 per cent in SBI, Britannia 1.70 per cent, Adani Ports 1.59 per cent and TCS 1.24 per cent closed down.
Condition of sectoral indices
Talking about sectoral indices, today the fastest Nifty metal has seen 2.66 percent. Apart from this, 0.69 per cent in Nifty Auto, 0.31 per cent in Nifty Pharma, 0.07 per cent in Nifty Private Bank, 0.10 per cent in Nifty Realty, 0.32 per cent in Nifty Healthcare Index, 0.97 per cent in Nifty Consumer Durables, 0.14 per cent in Nifty Consumer Durables, Nifty Midsmall Healthcare in Nifty Midsmall Financial Services showed 0.66 per cent and Nifty Midsmall IT & Telecom 0.56 per cent. Apart from this, Nifty Oil & Gas showed 0.90 per cent, Nifty PSU bank 1.38 per cent, Nifty media 1.01 per cent, Nifty IT 0.23 per cent, Nifty IT 1.30 per cent in FMCG, 0.51 per cent in Nifty Financial Services and 0.44 per cent in Nifty Bank. .
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