Stock Market: The Indian market closed in the red in Tuesday’s trading session. This was the third consecutive day when the market has seen a decline. BSE Sensex fell 456 points or 0.62 per cent to 72,943 and NSE Nifty fell 124 points or 0.56 per cent to 22,147.90. Nifty Bank also declined and closed at 47,484 points, down 288.45 points or 0.60 per cent.
Despite the decline, the number of shares rising in today’s session was high. On NSE, 1405 shares closed with rise and 796 shares closed with decline. Talking sector wise, there was decline in IT, PSU Bank, Fin Service, Metal, Realty, Bank and Infra. At the same time, there was growth in IT, PSU banks, fin services.
gainers and losers
Titan, HUL, HDFC Bank, Maruti Suzuki, ITC, Power Grid, Reliance closed higher. Whereas, Kotak Mahindra Bank, Nestle, Axis Bank, UltraTech Cement, Tata Steel, SBI, Sun Pharma, NTPC, Tata Motors, Asian Paints, Bharti Airtel, M&M, ICICI Bank, L&T, TCS, JSW Steel, Bajaj Finance, Tech Mahindra. Shares of HCL Tech, Bajaj Finserv, Wipro, IndusInd Bank and Infosys closed in the red.
Reason for market decline
The reason for the decline in the Indian market is the difficult conditions at the global level. The war between Israel and Iran has made it more serious, due to which selling is being seen in global markets along with India.
decline in global markets
A selling trend has been seen in global markets. There was heavy selling in the markets of Tokyo, Shanghai, Hong Kong, Taipei, Bangkok, Seoul and Jakarta. American markets also closed in the red in Monday’s trading session.
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