In Asian markets, Seoul, Tokyo and Hong Kong declined, while Shanghai rose.
The stock market has continued to disappoint. On Monday, the benchmark Sensex of Bombay Stock Exchange (BSE) closed at the level of 78,248.13 with a huge fall of 450.94 points. Similarly, the National Stock Exchange (NSE) index Nifty 50 also slipped 168.5 points and closed at the level of 23,644.90 at the end of trading. According to PTI news, amid continuous withdrawal of foreign funds, weak trend in global markets and selling in blue-chip stocks, 30 blue-chip companies include Tata Motors, Titan, Tata Steel, State Bank of India, Mahindra & Mahindra, NTPC. , ICICI Bank, Maruti, HDFC Bank and Infosys were the biggest laggards. Zomato, Tech Mahindra, HCL Tech and IndusInd Bank were among the gainers. During today’s trade, the BSE Midcap index rose 0.13 per cent, while the Smallcap index fell 0.47 per cent.
FII selling continues
According to the news, according to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 1,323.29 crore on Friday. In Asian markets, Seoul, Tokyo and Hong Kong declined, while Shanghai rose. There was a decline in European markets. US markets closed in negative territory on Friday. Global oil benchmark Brent crude fell 0.05 percent to $74.13 a barrel.
Investors are placing their bets on risky stocks
Stock market sentiment around the world looks weak at year-end, aided by a strong US dollar and rising bond yields. Experts say that amid uncertainty over Donald Trump’s tariff policy, investors are placing their bets on risky stocks. America’s newly elected President Donald Trump will take charge on January 20. Donald Trump’s policy on business can have a significant impact on dollar-rupee dynamics, foreign capital inflows into India and the US Federal Reserve’s fight against inflation.
Their condition appeared to be poor in the sectoral index.
Talking about sectoral indices, a decline was seen in Nifty Media by 1.87 percent, Realty by 1.54 percent, Auto by 1.43 percent, Metal by 1.27 percent. Besides, all banking and financial indices declined. Also, Nifty Bank index declined by 0.70 percent, while PSU Bank and Private Bank indices saw a weakness of 1.18 percent and 0.63 percent respectively.
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