Mumbai. Domestic stock markets closed in the red on Monday with a sharp fall under the pressure of all-round selling in all sectors including metals, realty, energy amid weak signals from overseas markets. BSE’s 30-share sensitive index Sensex closed down 1.08 per cent or 617.26 points at 56,579.89 points and the National Stock Exchange’s Nifty slipped 1.27 per cent or 218 points to end at 16,953.95, below the psychological level of 17,000.
Small and medium companies had to face more selling pressure than the big ones on the BSE. BSE Midcap lost 1.86 percent and Smallcap lost 1.88 percent.
All BSE indices remained in decline. The biggest decline was observed in the metals group. The metal’s index declined due to fears of reduced demand due to the lockdown in China. China is the largest consumer of metals.
Apart from this, the index of Realty saw a decline of 3.70 percent, Energy 2.74 percent, Telecom 2.62 percent, PSU 2.58 percent and Oil and Gas 2.52 percent.
Out of 30 Sensex companies, 22 were in the red mark and eight in the green mark. Tata Steel shares declined the most by 4.47 per cent. Apart from this, Tech Mahindra, NTPC, Titan and Reliance were also among the top five loss-making companies.
HDFC Bank was the biggest gainer among the eight companies that were up in the Sensex. Apart from this, ICICI Bank, HDFC, Kotak Bank and Nestle India are the top five companies in the green.
In Nifty, 42 companies out of 50 remained in the red mark and eight in the green mark. Bajaj Auto, HDFC Bank, ICICI Bank, Axis Bank and HDFC are the top five gainers.
Coal India BPCL, Tata Steel, SBI Life and Hindalco were the top five losers in Nifty.
There was an all-round fall in the overseas markets. The European market was down more than two percent. Britain’s FTSE was down 2.14 per cent. In Asian markets, China’s Shanghai Composite closed 5.13 per cent lower, Hong Kong’s Hang Shang 3.73 per cent and Japan’s Nikkei by 1.90 per cent.
According to market analysts, the impact of rising crude oil prices due to the ongoing war between Russia and Ukraine, fears of economic slowdown due to the lockdown in China, supply constraints and tough stance of the US Fed Reserve weakened investor sentiment. has been done. Apart from this, the financial results of the companies are also not in line with the market, affecting the investment sentiment.
—AnyTV News
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