Share Market Closing: Weakness continues in Indian stocks, Sensex falls 175 points while Nifty falls 55 points

Business Desk, AnyTV, New Delhi

Published by: Vivek Das
Updated Wed, 29 Jun 2022 03:40 PM IST

Indian shares continued to decline on Wednesday as well. On Wednesday, the Sensex fell 175 points to 53012 while the Nifty closed 55 points down at 15794. On Wednesday, the Indian rupee has also broken down to 78.95 against the dollar.

After trading in the green mark for four consecutive sessions, the markets closed in the red mark on Wednesday. This weakness in the market is due to concerns about rising oil prices and rising inflation. This bearish trend in Asian markets has come due to the Consumer Confidence Index falling to the lowest level since February 2021 in the US.

Expansion

Indian shares continued to decline on Wednesday as well. On Wednesday, the Sensex fell 175 points to 53012 while the Nifty closed 55 points down at 15794. On Wednesday, the Indian rupee has also broken down to 78.95 against the dollar.

After trading in the green mark for four consecutive sessions, the markets closed in the red mark on Wednesday. This weakness in the market is due to concerns about rising oil prices and rising inflation. This bearish trend in Asian markets has come due to the Consumer Confidence Index falling to the lowest level since February 2021 in the US.