Share Market: Downward trend in early trade, Sensex slipped 229 points
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Domestic stock market benchmark indices Sensex and Nifty declined in early trade on Wednesday amid weakness in US markets and selling in information technology (IT) stocks.
BSE’s 30-share index Sensex fell 229.04 points to 73,448.09 points. NSE index Nifty was also trading at 22,293.15 points, slipping by 63.15 points.
Among Sensex companies, Power Grid, Tata Steel, Wipro, Tech Mahindra, NTPC, State Bank of India and Bajaj Finserv declined. Whereas Kotak Mahindra Bank, ICICI Bank, Axis Bank, Nestle and Sun Pharma were in positive position.
In other markets in Asia, South Korea’s Kospi and Japan’s Nikkei were trading with losses, while China’s Shanghai Composite and Hong Kong’s Hang Seng were up. US markets closed with a decline on Tuesday.
Meanwhile, international oil standard Brent crude rose 0.13 percent to US $ 82.15 per barrel. According to stock market data, foreign institutional investors (FIIs) made net purchases of shares worth Rs 574.28 crore on Tuesday.
The domestic market was declining on Tuesday after record-breaking gains for several days. Sensex fell by 195.16 points to close at 73,677.13 points and Nifty closed by 49.30 points at 22,356.30 points.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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