Friday, May 24, 2024

Stock Market Closing Bell | Sales beat for the third consecutive session, 'bloodbath' in the market was behind these 5 factors | leader


Leaders Online Desk: Geopolitical tensions in the Middle East caused by the Iran-Israel war and the possibility of a delay in interest rate cuts by the US Federal Reserve have added to investors' concerns. As a result, the Indian stock market fell for the third consecutive session on Tuesday (16). The Sensex closed down 456 points at 72,943. While the Nifty settled at 22,147 with a fall of 124 points. (Stock Market Closing Bell)

Nifty IT and Nifty Media sectors were the worst hit in today's fall. Nifty IT fell 2.6 percent. On the sectoral front, Bank, IT, Realty declined by 0.5-1 percent. While the oil and gas index increased by 1 percent. BSE Midcap gained 0.05 percent and Smallcap gained 0.5 percent.

Heavyweight stocks fell

On the Sensex, Infosys, IndusInd Bank Wipro fell by 3 percent each. Along with this, shares of Bajaj Finserv, HCL Tech, Tech Mahindra, JSW Steel, TCS, LT, Bajaj Finance, SBI, ICICI Bank fell by 1-2 percent. Meanwhile, shares of Titan, Hindustan Unilever, HDFC Bank remained bullish.

Top losers on Nifty were Infosys, LTIMindtree, IndusInd Bank, Bajaj Finserv, Wipro. These shares fell between 2 and 4 percent. While the shares of Eicher Motors, Hindustan Unilever, ONGC, Titan, Divis Lab remained bullish.

A global weak signal

Israel's military chief's statement that “Iran's attack on Israel will be met with a befitting response” is likely to escalate tensions in the Middle East. Investors are afraid of this.

Markets around the world rumbled

Rising tensions in the Middle East have caused stock markets around the world to tumble. High interest rates in the US, a slowdown in China's economy and tensions in the Middle East have weighed on European stock market indices. The impact of this was also seen in the Asian market. Japan's Nikkei index fell 1.94 percent to close at an eight-week low. Markets in the US were also weak due to concerns over escalating geopolitical tensions between Iran and Israel.

Foreign investors in a selling mood

Foreign investments appear to be in a selling mood. Whereas domestic institutional investors have been net buyers in the last five consecutive sessions. Foreign institutional investors (FIIs) sold Indian stocks worth Rs 3,268 crore on April 15, according to NSE provisional data. While domestic institutional investors (DIIs) bought shares worth Rs 4,762.93 crore. (Stock Market Closing Bell)

Increase in crude oil prices

Oil prices rose on Tuesday as tensions in the Middle East rose. Brent futures for June delivery rose 0.5 percent to $90.56 a barrel.

Read this:

Related Articles

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles