Share Market: The stock market fell for the second consecutive day, the Nifty closed below 15,000 levels
Stock Market Updates: The domestic stock markets have seen a big fall for the second consecutive day. Today both the benchmark indices have closed with a fall. The Sensex has fallen by more than 400 points amid weak global cues, while the Nifty has also fallen below the level of 15,000. Shares of PSU banking sector have suffered more today.
At the time of closing, the BSE Sensex fell by 440.76 points, or 0.87 per cent, to close at 50,405.32 level. At the same time, the Nifty 50 has closed at the level of 14,938.10, down by 142.70 points i.e. 0.95 per cent.
All sectoral indices have closed in red mark at the time of closing. Shares of PSU banks have fallen by 4 per cent. Today, ICICI Bank, HDFC Bank, HDFC, Infosys, State Bank of India and IndusInd Bank were seen performing poorly on the Sensex. On the other hand, ONGC, Maruti, Kotak Bank, Nestle and Ultratech Cement were the major gainers. 21 of the 30 Sensex stocks lost.
In the US, inflationary pressures are expected due to increasing yields on bonds. This led to a fall in Wall Street. Accordingly, the trend of decline continued in other Asian markets as well. There has been a growing concern among investors about the rising yield in the bond market in Wall Street. According to market analysts, there is a tussle between bond market slowers and equity bulls in the US market. As a result, the Nasdaq market fell 10 percent below record highs.
In the interbank foreign currency exchange market, the rupee fell 19 paise to 73.02 per dollar. Brent crude, the global benchmark, was trading at $ 68.11 a barrel, a gain of 1.26 percent.
(With input from language)