Share Market Today: The trend of decline in the local stock markets continued on Thursday and the BSE Sensex fell further by 111 points in volatile trading. The market declined amid continued selling by foreign institutional investors, quarterly results of companies not meeting expectations,, and rising inflation. The BSE Sensex, based on 30 shares, declined for the third consecutive day and closed at 77,580.31 points, down 110.64 points or 0.14 percent. During trading, at one time it had slipped to 266.14 points. The National Stock Exchange's Nifty also closed at 23,532.70 points, down 26.35 points or 0.11 percent. Nifty declined for the sixth consecutive day.

Where is the fall, where is the rise

Among the thirty Sensex stocks, Hindustan Unilever, NTPC, Nestle, IndusInd Bank, Power Grid, Adani Ports, Tata Motors, and Bajaj Finserv were the major losers. On the other hand, the gainers include Reliance Industries, Kotak Mahindra Bank, Tech Mahindra, Mahindra & Mahindra and HDFC Bank. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 2,502.58 crore on Wednesday. At the same time, domestic institutional investors bought shares worth Rs 6,145.24 crore. Vinod Nair, Head of Research, at Geojit Financial Services, said, “The market traded lightly. However, some stability was seen throughout the trading. However, uncertainty remains about the trend of stability as FIIs continue to be sellers. The positive aspect is that the pace of their selling is now decreasing. ”

Their prices increased rapidly. index-based

According to official data, wholesale price index based inflation rose to a four-month high of 2.36 percent in October. The main reason for this was the rise in the prices of food items, especially vegetables and manufactured goods. On the other hand, retail inflation reached a 14-month high of 6.21 percent in October, mainly due to the increase in the prices of food items. This is more than the satisfactory level of the Reserve Bank of India (two to six percent).

Experts' opinion

Prashant Tapase, Vice President (Research), Mehta Equities Ltd. said, "The market traded in a limited range. Selling in fast-moving consumer goods (FMCG), oil and gas, and power stocks affected the sentiment. Despite the mild trend, selective buying in realty, auto, bank, and telecom stocks limited the losses." The BSE Smallcap index, related to the shares of small companies, rose 0.83 percent while the Midcap index, related to the shares of mid-sized companies, strengthened by 0.41 percent. In other Asian markets, Japan's Nikkei, China's Shanghai Composite,, and Hong Kong's Hang Seng were in loss while South Korea's Kospi was in gain.