Today was also a bad day for investors in the stock market, Sensex closed with a fall of 953 points.
The trend of decline in the domestic stock market continued on Monday as well and the BSE Sensex closed with a fall of 953.70 points. The 30-share Sensex has declined for the fourth consecutive trading session.
The trend of decline in the domestic stock market has continued on Monday as well.
Amid a soft trend in global markets and withdrawal of foreign investors, the domestic stock market continued to decline on Monday and the BSE Sensex closed with a loss of 953.70 points. The 30-share Sensex declined for the fourth consecutive trading session and closed at 57,145.22, down 953.70 points, or 1.64 per cent. The Sensex had fallen up to 1,060.68 points during trading.
Big fall in these stocks
Similarly, the Nifty of the National Stock Exchange also closed at 17,016.30, down 311.05 points, or 1.80 per cent. Maruti, Tata Steel, ITC, Bajaj Finance, Axis Bank, NTPC, Mahindra & Mahindra and IndusInd Bank were the major losers in the Sensex stocks.
On the other hand, HCL Technologies, Infosys, Asian Paints, TCS, UltraTech Cement, Wipro and Nestle closed with gains. In other markets of Asia, South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng closed in decline. European stock markets had a declining trend in early trading. There was also a fall in the US market on Friday. Meanwhile, international oil standard Brent crude was down 0.75 per cent to $ 85.50 per barrel.
Foreign investors also sold shares
Foreign institutional investors sold shares worth a net Rs 2,899.68 crore on Friday, according to BSE data.
Apart from this, let us tell you that the shares of Harsha Engineers International Limited made a strong start amidst the falling market. Shares of Harsha Engineers opened at Rs 444 per share on BSE. This is 34.55% or a premium of Rs 114 against the issue price of Rs 330. The IPO was subscribed 74.70 times. The retail segment was subscribed 17.6 times, NII quota 71.3 times and QIB 178.26 times. The IPO of Harsha Engineers was open between 14-16 September. At the same time, the stock made a high of Rs 484.90.
Let us tell you that the last three trading days in the last week were closed with a decline. According to exchange data, the market capitalization of companies listed on BSE has come down to Rs 276.6 lakh crore, i.e. investors have lost about Rs 6.8 lakh crore in three days.
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