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Weak start of share market, Sensex-Nifty fell, selling in these stocks –

by Aaryan Srivastav
October 30, 2024
Weak start of share market, Sensex-Nifty fell, selling in these stocks - India TV Hindi

Photo:FILE Sensex

The stock market has made a weak start. BSE Sensex fell 341.72 points and opened at 80,027.31. At the same time, NSE Nifty fell by 116.30 points and opened at 24,350.55 points. If we look at the shares, there is a decline in JSW Steel, HINDUNILVR, Infosys, BHARTIARTL, SBI, Kotak Bank, BAJFINANCE, Reliance etc. Let us tell you that the bullish trend in the local stock market continued for the second consecutive day on Tuesday and BSE Sensex rose by 364 points. Amidst the strong trend in global markets, there was a rise in the market in the last hour of trading due to buying in shares of banks and petroleum companies.

Fall in shares of these companies

Among the 30 Sensex-listed companies, shares of Sun Pharma, ICICI Bank, Axis Bank, Bajaj Finserv, Kotak Mahindra Bank, State Bank of India, HCL Technologies and Bharti Airtel were among the losers. Whereas shares of Maruti, Tata Motors, IndusInd Bank and Larsen & Toubro were profitable. In Asian markets, South Korea’s Kospi, China’s Shanghai Composite and Hong Kong’s Hang Seng were in loss, while Japan’s Nikkei 225 was in profit. US markets closed with mixed sentiment on Tuesday.

Foreign investors are continuously selling

According to stock market data, foreign institutional investors sold shares worth Rs 3,228.08 crore on Monday while DIIs (domestic institutional investors) bought shares worth Rs 1,400.85 crore. In other markets of Asia, South Korea’s Kospi, Japan’s Nikkei and Hong Kong’s Hang Seng were in profit while China’s Shanghai Composite was in loss. There was a bullish trend in the major markets of Europe in afternoon trading. American markets were in gains on Monday. Global oil benchmark Brent crude rose 0.66 per cent to $71.89 per barrel.

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