Sensex slips after crossing 75,000-mark, closes with a loss of 59 points
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Mumbai The record rise in local stock markets came to an end on Tuesday and BSE Sensex lost 59 points. However, during early trading, BSE Sensex had crossed the 75,000 mark for the first time. At the same time, Nifty also touched its new all-time high. The 30-share BSE Sensex closed at 74,683.70, down 58.80 points or 0.08 percent.
During trading, at one point it had climbed 381.78 points to reach a record 75,124.28 points. National Stock Exchange’s Nifty also closed at 22,642.75 points with a decline of 23.55 points or 0.10 percent. At one time during trading, it had reached its highest ever level of 22,768.40 points with an increase of 102.1 points or 0.45 percent. Among Sensex companies, Titan, Reliance Industries, Asian Paints, Tech Mahindra, IndusInd Bank, UltraTech Cement, Wipro and ITC were major losers.
On the other hand, the gainer stocks include ICICI Bank, Infosys, Bajaj Finserv, Tata Steel, Axis Bank, Bajaj Finance, Nestle and Mahindra & Mahindra. In other markets of Asia, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng were in gain while South Korea’s Kospi was in loss. There was a declining trend in early trade in major markets of Europe. There was a mixed trend in the American market Wall Street on Monday. Vinod Nair, head of research at Geojit Financial Services, said, “The domestic stock market had hit a new high during trading but remained in the red due to profit-booking later.
The reason for this is the inflation figures to be released tomorrow in America. On the basis of this, the US Central Bank Federal Reserve will have an idea about the policy rate cut in the coming time. Recently, concerns have also increased regarding better than expected employment and manufacturing data. Looking at this, it seems that the policy rate cut may be postponed this year.” According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 684.68 crore on Monday. Global oil benchmark Brent crude rose 0.18 percent to $90.54 a barrel. Sensex had gained 494.28 points on Monday while Nifty had gained 152.60 points.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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