- By Aditya Pratap Singh
- Tue, 02 Apr 2024 04:28 PM (IST)
- Source:JND
Stock Market Closing: The stock markets on Tuesday ended its three-day winning streak with the benchmark indices Sensex declining 110 points caused by profit-booking in some private bank and auto shares amid weak cues from the US markets and foreign fund outflows. The 30-share BSE Sensex fell 110.64 points or 0.15 per cent to settle at 73,903.91.
During the day, the index dropped to 73,743.77, a decline of 270.78 points or 0.36 per cent. The broader NSE Nifty declined 8.70 points or 0.04 per cent to 22,453.30. The Sensex and Nifty scaled lifetime highs during the intra-day trade on Monday before ending around 0.5 per cent higher.
Kotak Mahindra Bank, Wipro, Tech Mahindra, HCL Technologies, ICICI Bank, Infosys, Tata Consultancy Services, and Larsen & Toubro were the major laggards from the Sensex pack. Tata Motors, IndusInd Bank, Mahindra & Mahindra, Nestle were among the gainers.
In Asian markets, Shanghai fell while Tokyo, Seoul and Hong Kong ended in the green. European markets were mostly trading in the green. Wall Street ended mostly lower on Monday. Foreign Institutional Investors (FIIs) sold equities worth Rs 522.30 crore on Monday, according to exchange data. Global oil benchmark Brent crude climbed 1.61 per cent to USD 88.83 a barrel.
Rupee closes 4 paise lower
The rupee on Tuesday closed 4 paise lower at 83.43 against the US dollar on account of a strong dollar and elevated crude oil prices. Forex traders said a weak trend in domestic equities also weighed on investor sentiment. At the interbank foreign exchange market, the local unit opened at 83.37 and touched an intra-day high of 83.34 and a low of 83.44 against the greenback. The rupee finally settled at 83.43, down 4 paise over its previous close.
(With PTI Inputs)