The rally in the stock market that has been going on for three days stops, Sensex falls slightly by 16 points.

Mumbai, November 7 (Language) The bullish trend in the local stock markets for the last three trading sessions came to an end on Tuesday and the BSE Sensex fell marginally by 16 points. The market remained in loss due to continued capital withdrawal by foreign institutional investors amid weak trend in Asian and European markets.

The 30-share BSE Sensex closed at 64,942.40 points, down 16.29 points or 0.03 percent. At one time during trading it had gone down to 320.59 points.

National Stock Exchange’s Nifty also closed at 19,406.70 points with a slight decline of 5.05 points or 0.03 percent.

Among Sensex companies, Bajaj Finance, JSW Steel, Reliance Industries, Mahindra & Mahindra, ITC, Tata Consultancy Services, Wipro, HDFC Bank, Larsen & Toubro and Bharti Airtel were major losers.

On the other hand, the profitable stocks include Sun Pharma, NTPC, State Bank of India, IndusInd Bank and Axis Bank.

In other markets of Asia, South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng were among the losers.

There was a declining trend in early trade in major markets of Europe. American markets were in gains on Monday.

Global oil benchmark Brent crude fell 2.12 percent to $83.37 per barrel.

According to stock market data, foreign institutional investors sold shares worth Rs 549.37 crore on Monday.


Raman Ajay


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