Falling for the third-day working, benchmark fairness indices ended lower on Monday amid weak traits in global markets and a spike in Brent crude oil prices because of geopolitical pressure in the Middle East. The 30-share BSE Sensex declined 115. 81 factors to settle at 66,166. 93. During the day, it fell 243.36 factors to 66,039.38. The Nifty slipped 19.30 factors to 19,731.75.Â
From the Sensex pack, Nestle, Tata Consultancy Services, IndusInd Bank, Asian Paints, Bharti Airtel, Tech Mahindra, ExtremelyTech Cement, Kotak Mahindra Bank and Hindustan Unilever have been among the many main laggards. Tata Steel, JSW Steel, HCL Technologies, Axis Bank, Power Grid and Mahindra & Mahindra have been among the many gainers. In the broader market, the BSE smallcap gauge climbed 0.34 per cent and the midcap index gained 0.25 per cent.
Check indices’ report right here
Among the indices, telecommunication fell by 0.74 per cent, realty (0.39 per cent), teck (0.32 per cent), FMCG (0.28 per cent), providers (0.17 per cent), bankex (0.11 per cent) and IT (0.10 per cent). Commodities, shopper discretionary, vitality, industrials, auto and metallic have been among the many gainers.
“Persistent geopolitical tensions continue to weigh down the sentiment on equity, yet the mid and smallcap index witnessed bargain hunting ahead of festival-driven demand and optimistic Q2 results. If oil price moves higher in a sustained manner, it may elevate yields and operation cost, potentially straining margins in H2 FY24,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.
How did Asian and US markets fare?Â
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended lower. European markets have been buying and selling principally in the unfavorable territory. The US markets ended on a combined be aware on Friday.Â
Global oil benchmark Brent crude declined 0.39 per cent to USD 90.54 a barrel. Foreign Institutional Investors (FIIs) have been patrons on Friday as they purchased equities price Rs 317.01 crore, in accordance with trade knowledge.
(With inputs from PTI)
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