Sensex slips for the third day, falls by 106 points in quick trading
Highlight
- Benchmark indices ended on a lower note marking their third straight session of decline
- The BSE 30-share benchmark closed at 54,364.85, down 105.82 points or 0.19 per cent.
- NSE Nifty closed 61.80 points or 0.38 per cent lower at 16,240.05
Benchmark indices ended on a lower note on Tuesday, marking their third straight session of decline, with the Sensex falling 106 points in highly volatile trade. The 30-share BSE benchmark ended at 54,364.85, down 105.82 points, or 0.19 per cent. During the day it touched a high of 54,857.02 and a low of 54,226.33.
The NSE Nifty closed 61.80 points or 0.38 per cent lower at 16,240.05. Tata Steel, Sun Pharma, NTPC, Titan, Bajaj Finance, Reliance Industries, Tech Mahindra and ITC were among the laggards among Sensex firms. In contrast, Hindustan Unilever Ltd, Asian Paints, IndusInd Bank, UltraTech Cement, Maruti, Kotak Mahindra Bank, HDFC Bank and HDFC were among the gainers.
Elsewhere in Asia, markets in Tokyo, Hong Kong and Seoul closed lower, while Shanghai closed higher. Equity markets in Europe were trading higher in the afternoon session. Stock exchanges in the US fell heavily on Monday.
Meanwhile, international oil benchmark Brent crude fell 1.82 per cent to $104 a barrel. Foreign institutional investors were selling shares worth a net Rs 3,361.80 crore on Monday, according to stock exchange data. Wall Street fell to its lowest level in more than a year on Monday as markets were already battered by rising interest rates. Following the fall in global stocks, Indian equity indices may face some pressure .
“Asian markets are trading on expectations of an economic slowdown as a result of rising inflation, higher interest rates and stringent COVID-19 lockdown restrictions in Shanghai,” said Mohit Nigam, PMS Head, Hem Securities.
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