The stock market first rose and then crashed!
The first day of the week i.e. monday was nothing special for the indian stock market. The market opened with a good start in the morning, but by the time the market closed, a big decline was seen in it. Both BSE Sensex and NSE Nifty fell in the last hour of trading. While the BSE Sensex fell by 217 points. At the same time, the Sensex closed at 74,115.17 points with a decline of 217.41 points i.e. 0.29 percent.
Which stocks fell the most?
Of the stocks included in the Sensex, 22 were in loss, while eight were in profit. The Sensex had climbed to 74,741.25 points during early trading. However, before the market closed, due to selling pressure, it had slipped to 310.34 points at one time.
The National Stock Exchange's Nifty also closed at 22,460.30 points, down 92.20 points or 0.41 percent. Out of the thirty Sensex stocks, IndusInd Bank, Zomato, Larsen & Toubro, Titan, mahindra & mahindra, Bajaj Finance, reliance Industries, mahindra BANK' target='_blank' title='kotak mahindra bank-Latest Updates, Photos, Videos are a click away, CLICK NOW'>kotak mahindra bank, Tech mahindra and Tata Consultancy services were the major losers.
On the other hand, the stocks that remained in profit include Power Grid, Hindustan Unilever, Infosys, Nestle India, Asian Paints, ITC, sun Pharmaceuticals and ICICI Bank.
Foreign investors made big sell-off
According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 2,035.10 crore on Friday, while domestic institutional investors (DIIs) bought shares worth Rs 2,320.36 crore. Global oil benchmark Brent crude was up 0.34 per cent at $70.60 a barrel. The BSE Sensex had declined marginally by 7.51 points on Friday, while the NSE Nifty had gained 7.80 points.
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