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Sunday Feb 05, 2023

share market | Sensex in volatile business, Nifty closes with steady trend


Sensex

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Mumbai: Both the benchmark indices… BSE Sensex and NSE Nifty closed marginally lower on Wednesday in volatile trade. After rallying for two consecutive days amid a mixed trend globally, the market ended with minor losses due to profit-booking by investors. The 30-share BSE Sensex closed at 60,910.28 points, down 17.15 points, or 0.03 percent. At one point of time it had gone down to 213.66 points during trading.

The National Stock Exchange’s Nifty also closed at 18,122.50 points, down 9.80 points, or 0.05 percent. Bharti Airtel, Axis Bank, Bajaj Finserv, Tata Steel, UltraTech Cement and Tata Motors were major losers in the Sensex pack. On the other hand, gainers included Titan, Mahindra & Mahindra, Power Grid and Maruti. In other Asian markets, South Korea’s Cospi, Japan’s Nikkei and China’s Shanghai Composite ended with losses while Hong Kong’s Hangseng gained.

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Major markets in Europe showed a mixed trend in early trade. US markets remained in losses on Tuesday. Vinod Nair, head of research at Geojit Financial Services, said the market oscillated between gains and losses. The weak trend at the global level affected the domestic market. Meanwhile, international oil benchmark Brent crude declined by 0.74 per cent to settle at $83.71 per barrel. Foreign institutional investors sold shares worth Rs 867.65 crore on Tuesday, according to stock market data. (agency)



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