Sensex Nifty decline for 3rd day as HDFC Bank TCS slide
Mumbai Mar 25 PTI Market benchmark Sensex declined over 233 points on Friday extending its losses to a third day as index majors HDFC Bank TCS and Infosys went down amid a mixed trend in global equities The 30-share BSE benchmark dropped 23348 points or 041 per cent to settle at 5736220 During the day it tanked 49544 points to 5710024 Similarly the broader NSE Nifty declined 6975 points or 040 per cent to settle at 17153 The Indian equity market continue to be in a grind influenced by and reacting to incremental news flow on the global front especially related to the geopolitical situation and Fed rhetoric The two key challenges and monitorables for the markets in the near term are the persistent inflationary pressures and the rising bond yields said Milind Muchhala Executive Director Julius Baer From the 30-share pack Titan Tech Mahindra Maruti Suzuki India Wipro Nestle India TCS Larsen Toubro HCL Technologies Tata Steel and HDFC Bank were among the major laggards On the other hand Dr Reddys Asian Paints Reliance Industries Limited Bharti Airtel State Bank of India and Kotak Mahindra Bank were among the gainers In the previous session the BSE Sensex had declined 8914 points or 015 per cent to settle at 5759568 The NSE Nifty declined 2290 points or 013 per cent to 1722275 Elsewhere in Asia bourses in Shanghai and Hong Kong ended lower while Tokyo and Seoul settled with marginal gains Stock exchanges in the US ended higher in the overnight session Meanwhile international oil benchmark Brent crude declined 144 per cent to USD 11732 per barrel Foreign institutional investors FIIs turned net sellers in the capital market as they sold shares worth Rs 174071 crore on Thursday according to stock exchange data PTI SUM MR
Mumbai Mar 25 PTI Market benchmark Sensex declined over 233 points on Friday extending its losses to a third day as index majors HDFC Bank TCS and Infosys went down amid a mixed trend in global equities The 30-share BSE benchmark dropped 23348 points or 041 per cent to settle at 5736220 During the day it tanked 49544 points to 5710024 Similarly the broader NSE Nifty declined 6975 points or 040 per cent to settle at 17153 The Indian equity market continue to be in a grind influenced by and reacting to incremental news flow on the global front especially related to the geopolitical situation and Fed rhetoric The two key challenges and monitorables for the markets in the near term are the persistent inflationary pressures and the rising bond yields said Milind Muchhala Executive Director Julius Baer From the 30-share pack Titan Tech Mahindra Maruti Suzuki India Wipro Nestle India TCS Larsen Toubro HCL Technologies Tata Steel and HDFC Bank were among the major laggards On the other hand Dr Reddys Asian Paints Reliance Industries Limited Bharti Airtel State Bank of India and Kotak Mahindra Bank were among the gainers In the previous session the BSE Sensex had declined 8914 points or 015 per cent to settle at 5759568 The NSE Nifty declined 2290 points or 013 per cent to 1722275 Elsewhere in Asia bourses in Shanghai and Hong Kong ended lower while Tokyo and Seoul settled with marginal gains Stock exchanges in the US ended higher in the overnight session Meanwhile international oil benchmark Brent crude declined 144 per cent to USD 11732 per barrel Foreign institutional investors FIIs turned net sellers in the capital market as they sold shares worth Rs 174071 crore on Thursday according to stock exchange data PTI SUM MR
