Kotak Bank lost the most 3 percent loss in Sensex shares. Apart from this, HDFC, Bajaj Finance, Bajaj Finserv, Tech Mahindra, HUL and Titan etc. declined.
Share Market Today
The rally in the stock market continued for the last four trading sessions on Tuesday and the Sensex closed down by 341 points. The market came down due to the fall in shares of companies with strong holdings in indices like HDFC Bank, HDFC, Kotak Bank and TCS.
The 30-share BSE Sensex closed down 340.60 points, or 0.69 percent, at 49,161.81 points. Similarly, the National Stock Exchange’s Nifty also lost 91.60 points, or 0.61 percent, to close at 14,850.75 points.
These stocks fluctuate
Kotak Bank lost the most 3 percent loss in Sensex shares. Apart from this, shares of HDFC, Bajaj Finance, Bajaj Finserv, Tech Mahindra, HUL and Titan etc. declined. On the other hand, NTPC, ONGC, PowerGrid, Sun Pharma, Ultratech Cement and SBI are among the gainers.
Why was the market falling?
According to Vinod Modi, strategy head, Reliance Securities, the benchmark indices came down due to weak trend in global markets and selling pressure. “Asian markets fall amid concerns about rising inflation after commodity prices rise sharply in various countries,” he said. doing. Apart from this, the inflation data in China is also affecting the perception.
Boom in sugar stocks
This year, a sharp rise in sugar prices has been recorded due to the decrease in global sugar production. Dwarikesh Sugar shares rose 75 per cent in a month due to increase in sugar prices. 71 percent in Dhampur Sugar, 69 percent in Bajaj Hindustan, 67.6 percent in Triveni Engineering Industries, 62.1 percent in Avadh Sugar, 56.6 percent in Uttam Sugar Mills, Dalmia India rose 55.4 percent.
Condition of foreign market
There was a declining trend in early trade in major markets of Europe. Meanwhile, the international oil standard Brent crude dropped 0.66 percent to $ 67.87 a barrel. Other markets in Asia declined in Hong Kong, Tokyo and Seoul, while the Shanghai market was profitable.
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