Friday, July 19, 2024

Share Market Closing Bell | Break the boom in four sessions! Sensex falls 195 points; What exactly is the reason? | leader


Leaders Online Desk: There was some selling in the stock market today on Tuesday. Overall, today's volatile session saw a break in Sensex's four-session rally. The Sensex closed down 195 points at 73,677. While the Nifty settled at 22,356 with a minor decline of 49 points.

On the sectoral front, a mixed trend was seen today. Auto index gained 1 percent, oil & gas, power and realty 0.5 percent each. While the IT and FMCG indices fell by 1 per cent each. BSE Midcap was down 0.17 percent and BSE Smallcap was down 0.63 percent. (Share Market Closing Bell) The biggest fall in the market was in the IT, media, metal and private banking sectors. While buying was seen in auto, pharma and PSU banking.

Top Gainers, Top Losers

On the Sensex, Bajaj Finserv, Bajaj Finance fell over 4 percent each. Infosys, Nestle India, TCS, Ultratech Cement, Wipro, HCL Tech also fell. While the shares of Tata Motors, Bharti Airtel, SBI, Sun Pharma, M&M, NTPC remained bullish.

Bajaj Finserv, Bajaj Finance, Nestle India, Infosys, SBI Life were the top losers on Nifty. While the shares of Tata Motors, Bharti Airtel, ONGC, Bajaj Auto, Sun Pharma remained bullish.

IIFL Finance hit, shares fall 20 percent

Shares of IIFL Finance tumbled in today's trading session. The stock fell 20 percent to Rs 477 on the NSE. RBI has asked IIFL Finance to immediately sanction gold loans or stop disbursement of loans. The RBI said the investigation found serious deviations in checking and certifying purity and net weight of gold as well as violation of loan to value ratio (LTV) during loan sanctioning and auctioning. (Share Market Closing Bell) Shares of IIFL Finance fell after RBI action.

Foreign investors

Domestic institutional investors bought shares worth Rs 3,543 crore on Monday. While foreign portfolio investors sold shares worth Rs 564 crore.

Global market

Chinese stocks stumbled on Tuesday after China failed to announce a major stimulus plan to bolster the economy. Also they dragged Asian peers with them. As a result, Hong Kong's Hang Seng fell 2 percent in early trade. Japan's Nikkei index fell slightly on Tuesday after hitting a new high on Monday. The index settled down 0.03 percent at 40,097. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7 percent. (Nikkei 225)

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