Chauffeur sales from investors for the third consecutive session
Sensex down 355 points, Nifty down 120
MUMBAI: Concerns over the rapid rise in the number of patients with the corona ‘delta’ virus have hit the Indian stock market after a sell-off in global stock markets. For the third consecutive session, investors hit a sell-off. Shares of banks traded sharply.
The 30-share BSE Sensex fell 354.89 points, or 0.68 per cent, to close at 52,198.51. Similarly, the wide-based National Stock Exchange index Nifty declined by 120.30 points, or 0.76 per cent, to close at 15,632.10.
In the Sensex, IndusInd Bank fell the most at 3.32 per cent, followed by Tata Steel, NTPC, Bharti Airtel, HCL Tech, ICICI Bank, M&M and HDFC Bank.
On the other hand, shares of Asian Paints rose 6.04 per cent on the back of good earnings, followed by ITC, Maruti, Nestle, L&T, Titan and Reliance. Shares of Ultratech Cement, Shree Cement, Power Grid and Indian Oil rose. Banks, metals and power declined by 2.41 per cent in today’s session.
Today, most markets in Asia are down. There has been an increase in the number of delta variant patients in the United States. As a result, US capital markets fell on Monday. Experts fear that if the Delta variant expands, the global economy will once again fall into the abyss of crisis. Therefore, investors are planning to withdraw money.
Asian stock markets fell in Shanghai, Hong Kong, Seoul and Tokyo, while in Europe it was initially positive. In international trade, Brent crude rose 0.35 per cent to 68.86 per barrel. The rupee depreciated by 27 paise to 74.61 against the dollar in early trade.
Foreign investment institutions sold 2,198.71 crore shares yesterday, according to preliminary data.