The stock market witnessed a huge sell-off in auto and public sector bank stocks today. Due to this, the BSE Sensex fell 398.13 points to close at 81,523.16 points. Similarly, the NSE Nifty fell 122.65 points to close at 24,918.45 points, slipping below 25 thousand. The stocks of M&M, ADANI PORTS, NTPC, SBIN, LT, and TATA MOTORS included in the Sensex declined. On the other hand, the shares of ASIAN PAINTS, BAJFINANCE, SUN PHARMA, HINDUNILVR, BAJAJFINSV, and ITC rose.
Shares of these companies fell
Among the 30 Sensex companies, Tata Motors suffered a maximum loss of about six percent. Apart from this, NTPC, Adani Ports, Larsen & Toubro, State Bank of India, JSW Steel, Mahindra & Mahindra, IndusInd Bank, and Titan were the major losers. On the other hand, Asian Paints, Bajaj Finance, Hindustan Unilever, and Bajaj Finserv are among the stocks that made profits.
Let us tell you that the domestic stock market opened lower in early trade on Wednesday amid a weak trend in Asian markets. In Asian markets, South Korea’s Kospi, Japan’s Nikkei-225, Hong Kong’s Hang Seng, and China’s Shanghai Composite were in loss. US markets closed with a positive trend on Tuesday. Global oil benchmark Brent crude futures were trading at US$ 69.60 per barrel with a gain of 0.59 percent. According to stock market data, foreign institutional investors (FIIs) were buyers in the capital market on Tuesday and bought shares worth a net of Rs 2,208.23 crore.