Suspense Crime Sach Ka Dam
The market failed to maintain the initial gains and finally closed in the red on Tuesday. The benchmark Sensex of the Bombay Stock Exchange (BSE) closed at 81,820.12, down 152.93 points at the end of trading. Similarly, the Nifty of the National Stock Exchange (NSE) also closed at 25,057.35, down 70.6 points. Nifty closed below 25,100 under pressure from auto, metal, and pharma companies. During today’s trading session, the top gainers in Nifty were ICICI Bank, Bharti Airtel, BPCL, Britannia Industries, and Bharat Electronics, while the losers were Bajaj Auto, Wipro, Bajaj Finance, Hindalco, and HDFC Life.
These reasons led to the decline.
Indian stock markets declined on October 15 due to a drop in key stocks and weak global cues. Concerns over inflation and disappointing second-quarter earnings played a role in the decline, although a drop in crude oil prices provided some relief. The metal index fell 1.5 percent, auto fell nearly 1 percent, pharma fell 0.5 percent, while the realty index rose 2 percent and the media index added 0.7 percent. The total market capitalization of BSE-listed companies rose to around ₹ 463.9 lakh crore from around ₹ 463.6 lakh crore in the previous session, led by gains in mid and small-caps.
Foreign portfolio investors made heavy withdrawals.
Foreign portfolio investors (FPIs) withdrew Rs 3,731.60 crore from the Indian stock market during Monday’s trading session. This is the 11th consecutive day of selling, reflecting the continued bearish sentiment among international investors towards Indian equities. According to a report by Financial Express, in the last 11 days, FPIs have withdrawn a total of Rs 73,123 crore from the Indian market, of which Rs 62,124 crore was withdrawn in October alone. The biggest sell-off took place on October 3, when FPIs sold shares worth Rs 15,506 crore. FPIs had made net purchases on September 26, buying shares worth Rs 630 crore.
