BSE Indices The Sensex crossed 76,000 points for the first time on Monday. At the same time, the NSE Nifty also reached a new all-time peak. During afternoon trade, the 30-share BSE Sensex climbed 599.29 points to an all-time high of 76,009.68 points. The NSE Nifty rose 153.7 points to a new record high of 23,110.80. However, due to selling dominance in the last hour of trading, the Sensex and Nifty closed in the red.
The Sensex closed at 75,390.50 points, down 19.89 points. At the same time, the NSE Nifty closed at 22,932.45 points, down 24.65 points. On the other hand, India Vix jumped 6.83% to 23.19. This shows that volatility has increased in the market.
The shares of these companies rose
Among the companies listed on the Sensex, Indusind Bank, Axis Bank, HDFC Bank, Larsen & Toubro and ICICI Bank were the biggest gainers. Wipro, NTPC, Maruti and Mahindra & Mahindra suffered losses. In the Asian markets, South Korea’s Kospi, Hong Kong’s Hang Seng, Japan’s Nikkei and China’s Shanghai Composite were in profit. The US markets closed on a positive note on Friday.
Global oil benchmark Brent crude futures were trading 0.13 per cent higher at $82.23 per barrel. According to stock market data, foreign institutional investors (FIIs) remained net sellers in the capital market on Friday and sold shares worth Rs 944.83 crore.
Why the market has returned to decline
Market experts say that the market is feeling resistance at the level of 23,000. Due to the election results being close, investors are booking profits at this level. The market has got support due to low FII sales figures and good results presented by companies. He further said, “India’s fourth quarter GDP figures and US inflation figures will decide the direction of the market.”
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