Mumbai:
India’s domestic stock markets fell in early trade on Wednesday amid weak trend in Asian markets. The 30-share BSE index Sensex fell 111.85 points to 81,809.44 points and the NSE Nifty slipped 39.2 points to 25,001.90 points.
Among the 30 companies listed on the Sensex, Tata Motors, ICICI Bank, Titan, HDFC Bank, JSW Steel, Tech Mahindra, UltraTech Cement and Axis Bank were the biggest losers. Asian Paints, Bharti Airtel, ITC and Hindustan Unilever were the gainers.
According to news agency IANS, banking stocks are being affected the most by the fall in the market. Nifty Bank was at 51,100 with a fall of 173 points or 0.34 percent. Buying is being seen in midcap and smallcap as compared to large cap. Nifty Midcap 100 index was at 59,151 with a gain of 88 points or 0.15 percent and Nifty Smallcap 100 index was at 19,365 with a gain of 35 points or 0.25 percent.
According to Bhasha, South Korea’s Kospi, Japan’s Nikkei-225, Hong Kong’s Hang Seng and China’s Shanghai Composite were in losses in the Asian markets. The US markets closed with a positive trend on Tuesday. Global oil benchmark Brent crude futures were trading at US$ 69.60 per barrel with a gain of 0.59 percent.
According to stock market data, foreign institutional investors (FIIs) were buyers in the capital market on Tuesday and bought shares worth a net Rs 2,208.23 crore.
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Kanishk Singh has always had a keen interest in fast-paced cars. For the past three years, he has been writing about automobiles, but his fascination with cars dates back even further. He thoroughly enjoys learning about their features and expressing his thoughts through his writing. Kanishk also has a profound interest in the stock market, shares, and business strategies. He possesses a wealth of knowledge on these subjects and consistently writes articles on them. Currently, he is working as a writer for Lattestnews24, specifically focusing on the Automobile, Finance, and Business categories. His well-crafted words are highly appreciated by the readers, as they find them both informative and creative.