Leaders Online: Sensex and Nifty closed in the red today on weak cues from Asian markets and declines in IT stocks. Before the interest rate decision of the Federal Reserve of America, today Tuesday (D.19), the markets around the world, including Asia, fell. The impact of this was also felt in the Indian stock market today. Sensex fell by over 800 points in today's trading session. The Sensex then closed down 736 points at 72,012. Nifty settled at 21,817 with a fall of 238 points. (Stock Market Closing Bell)
All sectoral indices closed in the red. Healthcare, IT, FMCG, Capital Goods, Oil & Gas, Power declined by 1-2 percent. BSE Midcap fell 1.36 percent and Smallcap index fell 1 percent.
Today's trading session saw the highest sell-off in the IT sector. So there was a purchase in banking shares. The Sensex and Nifty 50 indices fell 1 per cent each amid selling in the mid and smallcaps segments. Selling was seen across all sectors including Nifty IT. This led to loss of sectoral indices.
Meanwhile, market capitalization of BSE listed companies fell by Rs 3.71 lakh crore to Rs 375.08 lakh crore due to today's fall.
TCS Top Loser
Sensex opened at 72,462 today. After that it came down to 72 thousand. TCS, Nestle India, IndusInd Bank, Infosys, Wipro, HCL Tech, Hindustan Unilever, ITC, Power Grid were the top losers on Sensex. While the shares of Bajaj Finance, Kotak Bank, Bharti Airtel rose.
TCS, BPCL, Britannia, Cipla, Nestle India rose between 3-4 percent on Nifty. While the shares of Bajaj Finance, Bajaj Auto, Hindalco, Bharti Airtel were bullish.
Loss of Baba Ramdev's 'Pantjali', what is the reason?
Shares of Patanjali Foods fell by around 5 per cent today after the Supreme Court directed yoga gurus Baba Ramdev and Acharya Balakrishna to appear before the court in person. Meanwhile, the shares traded over 3 percent lower at Rs 1,364 on the NSE in the afternoon session. The Supreme Court has summoned the duo after they failed to file a reply to the contempt notice issued to Patanjali Ayurveda Company. The court had earlier issued a contempt notice to Patanjali Ayurveda for continuing to publish misleading advertisements about medicinal treatments. (Patanjali Foods Share Price)
Global market
A negative trend was seen in the Asian market today. Hong Kong's Hang Seng and South Korea's stock markets each fell more than 1 percent. Meanwhile, Japan's Nikkei closed higher after an early decline.
IT shares hit hard
Today, IT shares suffered huge losses. TCS shares were the top losers on the Sensex. Its shares fell 3 percent. Along with TCS, HCL Tech, Wipro and Infosys also fell. The overall IT index fell by 2 percent today.
Foreign investors are again in a selling mood
Foreign portfolio investors sold Indian stocks worth Rs 2,051 crore on a net basis on Monday, according to data on the NSE. While domestic investors bought shares worth Rs 2,260 crore.
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