Indian stock market continues to fall, Sensex broke 200 points, Nifty slipped below 22,900 level
New Delhi:
The Indian benchmark index opened with a decline on Thursday amid mixed signals in global markets. The Sensex was trading at 75,719.48 at around 9.37 pm or 0.29 percent, while the Nifty was trading at 75,719.48, while the Nifty declined by 45.75 points or 0.20 percent. Along with was at 22,887.15. Investors from the withdrawal of Asian markets and foreign capital The perception of
Auto, Pharma and FMCG sectors sold
In early trade, selling was seen in auto, pharma and FMCG sectors. The Nifty Bank was down 270.85 points or 0.55 percent at 49,299.25. The Nifty Midcap 100 index was trading at 50,260.65, down 266.60 points or 0.53 percent. The Nifty Smallcap 100 index was 59.95 points or 0.39 percent to 15,465.95.
Hardik Matalia, derivative analyst at Choice Broking, said, “Given the instability currently, traders are advised to take care, strict stop-loss strategies and avoid keeping overnight positions.”
Sensex’s top lousers and gainers
Meanwhile, the Sensex pack featured M&M, ITC, Maruti, Zomato, HDFC Bank, L&T, Bharti Airtel, Sun Pharma, Tata Motors and Hindustan Unilever Top Loisers. Whereas, Infosys, Adani Ports, Axis Bank, Asian Paints, Tech Mahindra, NTPC, Power Grid and ICICI Bank were the top gainers.
American and Asian markets decline
In the previous trading session in the US markets, Dow Jones closed at 44,627.59 with a gain of 0.16 percent. The S&P 500 index rose 0.24 percent to 6,144.15 and Nasdaq climbed 0.07 percent to close at 20,056.25. In the Asian markets, Sol, China, Bangkok, Japan, Jakarta and Hong Kong were trading in red mark.
Vice President Commodities of Mehta Equities Limited, Rahul Kalantar said, “American Fed found that inflation remains high and emphasized the need for further economic data before considering the rate cuts. As a result, the dollar index and US Bond yields increased, causing pressure on gold and silver prices. “
Foreign institutional investors (FIIs) sold equity worth Rs 1,881.30 crore on February 19. In contrast, domestic institutional investors (DIIs) remained a pure buyer, who bought equity worth Rs 1,957.74 crore on the same day.