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Share Market Tuesday: The stock market continued to decline for the second consecutive day on Tuesday. Due to all-round selling, the BSE Sensex fell by more than 930 points while the NSE Nifty also fell sharply. According to traders, the domestic market was affected by capital withdrawal by foreign institutional investors and softness in global markets. Apart from this, weak quarterly results of companies also affected the sentiment.
How much did the Sensex-Nifty fall
The 30-share Sensex plunged 930.55 points or 1.15 percent to close at 80,220.72. During trading, it had fallen to 1,001.74 points at one point. The National Stock Exchange's Nifty closed at 24,472.10, down 309 points or 1.25 percent.
Which stocks fell the most?
Among the 30 Sensex stocks, Mahindra & Mahindra, State Bank of India, Power Grid, Tata Steel, IndusInd Bank, Tata Motors, Larsen & Toubro, NTPC, Bajaj Finance and Reliance were the main losers. In contrast, ICICI Bank, Nestle, and Infosys were in profit.
According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 2,261.83 crore on Monday. Whereas domestic institutional investors (DIIs) bought shares worth Rs 3,225.91 crore.
Hyundai has a poor start.
Hyundai Motor India Ltd., the Indian unit of South Korean automaker Hyundai, had a poor start in the stock market. The company's stock closed with a decline of more than seven percent against the IPO price of Rs 1,960.
In other Asian markets, South Korea's Kospi and Japan's Nikkei were in losses while China's Shanghai Composite and Hong Kong's Hang Seng were in profit. There was a downward trend during trading in major European markets.
How was the US market?
US markets were in losses on Monday. Global oil benchmark Brent crude rose 0.61 percent to $ 74.74 per barrel. The BSE Sensex fell 73.48 points on Monday while the Nifty fell 72.95 points.
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