Stock Market Today: Sensex, Nifty Log Worst Losing Streak In Seven Months
The Nifty closed at 22,488.65, down by 216.05 points or 0.95% and the Sensex fell 617.30 points or 0.83% at 73,885.60.
KEY HIGHLIGHTS
Rupee Strengthens Against U.S. Dollar
-The local currency strengthened by 3 paise to close at 83.32 against the US dollar.
-It closed at 83.35 on Wednesday.
Source:Cogencis
Sensex, Nifty Log Worst Losing Streak In Seven Months: Closing Bell
Benchmark equity indices fell for the fifth consecutive session today as heavyweights weighed on them with both the Nifty and the Sensex closing at their lowest level in seven sessions.
The Nifty closed at 22,488.65, down by 216.05 points or 0.95% and the Sensex fell 617.30 points or 0.83% at 73,885.60.
"Bears remained in the driver's seat as Nifty50 began the monthly expiry day lower at 22,650, following the weak global equities," said Aditya Gaggar, director of Progressive Shares. "The immediate support is placed at 22,390 while 22,700 will be considered a strong hurdle."
Shares of Reliance Industries Ltd., Tata Steel Ltd., Infosys Ltd., Tata Consultancy Services Ltd., and ITC Ltd. weighed on the Nifty.
While those of ICICI Bank Ltd., HDFC Bank Ltd., Axis Bank Ltd., Bharti Airtel Ltd., and Larsen & Toubro Ltd. cushioned the fall.
Most sectoral indices ended lower with Nifty Metal and Nifty IT losing the most. Nifty Bank and Nifty Media were the top gainers on the NSE.
Broader markets underperformed benchmarks. The S&P BSE Midcap declined 1.21%, and the S&P BSE Smallcap fell 1.33%.
On BSE, 19 sectoral indices closed lower and one ended in the positive out of 20. The S&P BSE Metal was the top loser, while the S&P BSE Bankex emerged out to be the top gainer.
Market breadth was skewed in favour of sellers. Around 2,597 stocks declined, 1,213 stocks rose, and 107 stocks remained unchanged on BSE.
Watch India Market Close At NDTV Profit
IDFC First Bank To Raise Rs 3,200 Crore Through Preferential Issuance
IDFC First Bank has approved preferential issue worth Rs 3,200 crore
The lender approved issue of shares on a preferential basis at Rs 80.63 per share
Allotees for preferential issue include LIC, HDFC Life, Aditya Birla Sun Life & Bajaj Allianz
Allotees for preferential issue also include ICICI Lombard and SBI General Insurance
The private lender is to raise Rs 3,200 crore via preferential allotment of 39.7 crore shares
Source: Exchange filing
FDI Inflows Falls Over 3% To $44 Billion In FY24
FDI inflows fall 3.49% to $44 billion in FY24 from $46.03 billion in FY23
Top inflows from Singapore at $11.77 billion accounting for 26% of all inflows
Source: Department for Promotion of Industry and Internal Trade
