- By Aditya Pratap Singh
- Tue, 16 Apr 2024 04:14 PM (IST)
- Source:PTI
Stock market Closing: Equity benchmarks Sensex and Nifty continued to decline on Tuesday as investors sold IT stocks amid weak global cues and rising tensions in the Middle East. The 30-share BSE Sensex fell 456.10 points or 0.62 percent to 72,943.68, its third consecutive day of losses. During the day, it fell 714.75 points or 0.97 percent to 72,685.03. The NSE Nifty ended at 22,147.90, down 124.60 points or 0.56 percent. Foreign fund outflows also weighed on investor sentiment.
Infosys, HCL Technologies, IndusInd Bank, Bajaj Finance, Tech Mahindra, Bajaj Finserv, Wipro, Tata Consultancy Services, and Larsen & Toubro were the top losers in the Sensex pack. Hindustan Unilever, HDFC Bank, Titan Company, Maruti, Power Grid, ITC, and Reliance Industries were among the gainers.
Asian markets were trading lower with Seoul, Tokyo, Shanghai, and Hong Kong closing in the red. European markets were also trading in the red. The US markets ended on a negative note on Monday. Global benchmark Brent crude oil fell 0.26 percent to $89.87 a barrel.
Israel's military chief said on Monday that his country would respond to Iran's weekend attacks, but did not say when or how. World leaders have urged against retaliation, seeking to avoid a cycle of violence in the Middle East.
According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 3,268 crore on Monday. On Monday, the BSE benchmark index had closed 845.12 points or 1.14 percent lower at 73,399.78. The NSE Nifty had closed at 22,272.50, down 246.90 points or 1.10 percent.
