Share Market Today: Sensex Declines 151 Points; Nifty Settles Below 25,150
Share Market Today: On the 30-share Sensex platform, 20 out of 30 listed stocks of Sensex ended in the red, with RIL, Tata Motors, Nestle, Bharti Airtel L&T, Bajaj Finance were the main losers
Share market today: The two key equity benchmark indices, Sensex and Nifty, on Thursday closed in the negative zone, tracking losses in the most valuable firm Reliance Industries, Airtel and L&T amid weak global cues. The BSE Sensex declined 151 points to end at 82,201. On the other hand, the NSE Nifty50 sank 54 points to settle at 25,145.
Stock update
On the 30-share Sensex platform, 20 out of 30 listed stocks of Sensex ended in the red, with Reliance, Tata Motors, Nestle, Bharti Airtel L&T, Bajaj Finance were the main losers. On the flip side, Titan, ITC, Infosys, HCLTech, Tata Steel, SBI emerged gainers.
The board of Mukesh Ambani-led Reliance Industries (RIL) has approved its first bonus issue since 2017. In an exchange filing, RIL announced that it will issue bonus shares at a 1:1 ratio and has proposed increasing its authorised share capital from Rs 15,000 crore to Rs 50,000 crore.
In the broader markets, the BSE Midcap index advanced 0.3 per cent while Smallcap index gained 0.5 per cent.
Sectoral update
On the sectoral front, there was selling pressure in capital goods, power, oil & gas, and real estate, while buying interest emerged in metal, IT, telecom, and media sectors.
In the previous session on Wednesday, the BSE Sensex dropped 203 points to close at 82,353, while the NSE Nifty50 halts 14-day rally, slipping 81 points to settle at 25,199.
Global update
In Asian markets, Seoul, Tokyo and Hong Kong settled lower, while Shanghai ended higher. European markets were trading mostly lower in mid-session deals. The US markets ended on a mixed note on Wednesday.
Foreign Institutional Investors (FIIs) bought equities worth Rs 975.46 crore on Wednesday, according to exchange data.
Global oil benchmark Brent crude climbed 1.14 per cent to $73.53 a barrel.
Rupee rises 4 paise
The rupee traded in a narrow range and settled for the day higher by 4 paise at 83.97 (provisional) against the US dollar on Thursday, on weakening of the American currency in the overseas market and an overall drop in crude oil prices.
At the interbank foreign exchange market, the local unit opened at 83.98 and witnessed an intraday high of 83.97 against the American currency. The domestic unit finally settled for the day at 83.97 (provisional), higher by 4 paise over its previous close.
On Wednesday, the rupee breached the crucial 84-mark for the second time within a month and settled 3 paise lower at 84.01 against the American currency.
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