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Stock market open with a heavy fall; Sensex fell by more than 500 points and nifty by 165 points

After the fall, the market is now seeing a comeback. The Sensex is now trading at 52,087.16 with a loss of 257.29 points. On the other hand, Nifty is now at 15,613.70 with a decline of 69.65 points. If we talk about sectoral indices, except FMCG, Media and Reality, PSU Bank, Nifty Metal, Nifty Auto, Nifty Bank, Private Bank, IT Index, Financial Services and Pharma are on the red mark in the index.

The stock market opened with a big fall on the first day of this week. The Bombay Stock Exchange’s 30-stock key sensitive index Sensex opened with a loss of 456 points. On Friday, it had closed at 52,344.45 level. On the other hand, Nifty also started the day’s trading today with a red mark. In early trade, the Nifty was at 15,517.80 with a loss of 165.55 points, while the Sensex was at a low of 51,740.19.

Major stock indices Sensex fell nearly 600 points in early trade on Monday led by losses in major stocks like ICICI Bank, SBI, and L&T amid heavy selling in global equity markets. During this, the 30-share BSE index was trading at 51,747.67, down 596.78 points or 1.14 percent. Similarly, the broader NSE Nifty fell 175.35 points or 1.12 percent to 15,508.

The biggest decline of two percent in the Sensex was in M&M. Apart from this, L&T, UltraTech Cement, ICICI Bank, Maruti, and SBI also declined. On the other hand, NTPC, HUL, Sun Pharma, and Asian Paints were in the green. The Sensex closed 21.12 points or 0.04 percent higher at 52,344.45 in the previous session, while the Nifty was down 8.05 points or 0.05 percent at 15,683.35. International oil benchmark Brent crude was trading 0.53 percent higher at $73.90 per barrel.

FPIs infused Rs 13,667 crore in June

Foreign portfolio investors (FPIs) have netted Rs 13,667 crore in the Indian markets so far in June. Indian markets remain attractive to foreign investors. However, this week FPIs pulled out from the Indian stock markets. According to depository data, FPIs infused Rs 15,312 crore into equities during June 1-18. During this, he pulled out Rs 1,645 crore from the debt or bond market. In this way, his net investment stood at Rs 13,667 crore. Earlier, FPIs had withdrawn Rs 2,666 crore in May and Rs 9,435 crore in April. 

 

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