The reason for the continuous decline in the stock market came to the fore, which led to the market crash in September and investors suffered huge losses.

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Photo: PTI Share market

Indian stock market The reason for the shortage is known. After four consecutive days of decline, it closed in the green on Monday. However, it closed again today. The major fall in the market is due to strong selling by foreign investors. Let us tell you that the 10-year bond yield in the US hit a 10-month high of 4.54 percent and the dollar index hit 105.94, shocking the market. Due to this, foreign investors are constantly withdrawing money from the Indian market. Let us tell you that so far in the month of September, foreign investors have sold shares worth Rs 20,593 crore. VK Vijay Kumar, Chief Investment Strategist, Geojit Financial Services said:

Purchases made by domestic investors

On one side where foreign investors are withdrawing money from the market, on the other side domestic investors and mutual fund houses are investing money. During this period, purchases of Rs 13,748 crore have been made by domestic investors (DIIs). He said that it remains to be seen how this tug-of-war will end in the near future. On the positive side, the strength of the Indian economy, good corporate earnings trend and inflows into mutual funds, especially SIPs, are supportive indicators. Meanwhile, long-term investors can use market weakness as an opportunity to buy financials, capital goods and auto stocks while ignoring near-term market volatility.

Sensex falls 78 points due to profit booking, Nifty also weak

The domestic stock market fell on Tuesday and the BSE Sensex lost 78 points. The market fell due to profit booking in IT and bank stocks amid a weak trend in other Asian markets and continued withdrawal of foreign institutional investors (FIIs). The 30-share Sensex closed down 78.22 points, or 0.12 per cent, at 65,945.47 points. It had dropped by 158.06 points at one point during the trading. 14 Sensex stocks were in losses while 16 were in gains. The Nifty of the National Stock Exchange also closed down 9.85 points or 0.05 percent at 19,664.70 points.

Shares of these companies fell

Tech Mahindra, Infosys, Asian Paints, ICICI Bank, Kotak Mahindra Bank, Titan, IndusInd Bank and Bajaj Finsro were big losers among Sensex stocks. On the other hand, gainer stocks include Nestle, Tata Steel, Mahindra & Mahindra, Bajaj Finance, HDFC Bank and Tata Consultancy Services. In other Asian markets, South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng fell. European markets were mixed in early trade. The US market was bullish on Monday. Global oil benchmark Brent crude fell 0.79 percent to $92.55 a barrel. Foreign institutional investors (FIIs) sold shares worth Rs 2,333.03 crore on Monday, according to stock market data.

Input: IANS

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