Sensex Falls on Selling: Reliance, Airtel Drag - Stock Market News
By Rediff Money Desk, MUMBAI Feb 05, 2024 16:00
The Sensex fell by 354 points on Monday due to selling in Reliance Industries, Bharti Airtel, and Maruti, with weak trends in Asian and European markets. FIIs bought equities worth Rs 70.69 crore on Friday.
Mumbai, Feb 5 (PTI) Benchmark Sensex fell back by 354 points on Monday due to selling in index major Reliance Industries, Bharti Airtel and Maruti amid weak trends from Asian and European markets.
The 30-share BSE Sensex declined by 354.21 points or 0.49 per cent to settle at 71,731.42 on fag-end selling. During the day, it hit a high of 72,385.93 and a low of 71,602.14.
The Nifty fell by 82.10 points or 0.38 per cent to close at 21,771.70.
Among the Sensex firms, Bajaj Finance, Bharti Airtel, Maruti, Bajaj Finserv, HCL Technologies, Titan, Hindustan Unilever, JSW Steel, UltraTech Cement, State Bank of India and Reliance Industries were the major laggards.
Tata Motors jumped nearly 6 per cent after the company on Friday reported a two-fold jump in net profit at Rs 7,100 crore for the December quarter.
Sun Pharma, Power Grid, Mahindra and Mahindra, Tata Steel, NTPC and Tata Consultancy Services were the other gainers.
In Asian markets, Tokyo settled in the green while Seoul, Shanghai and Hong Kong ended lower.
European markets were quoting marginally lower. The US markets ended in positive territory on Friday.
Global oil benchmark Brent crude declined 0.53 per cent to USD 76.92 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth Rs 70.69 crore on Friday, according to exchange data.
The BSE benchmark climbed 440.33 points or 0.61 per cent to settle at 72,085.63 on Friday. The Nifty went up by 156.35 points or 0.72 per cent to 21,853.80.
The 30-share BSE Sensex declined by 354.21 points or 0.49 per cent to settle at 71,731.42 on fag-end selling. During the day, it hit a high of 72,385.93 and a low of 71,602.14.
The Nifty fell by 82.10 points or 0.38 per cent to close at 21,771.70.
Among the Sensex firms, Bajaj Finance, Bharti Airtel, Maruti, Bajaj Finserv, HCL Technologies, Titan, Hindustan Unilever, JSW Steel, UltraTech Cement, State Bank of India and Reliance Industries were the major laggards.
Tata Motors jumped nearly 6 per cent after the company on Friday reported a two-fold jump in net profit at Rs 7,100 crore for the December quarter.
Sun Pharma, Power Grid, Mahindra and Mahindra, Tata Steel, NTPC and Tata Consultancy Services were the other gainers.
In Asian markets, Tokyo settled in the green while Seoul, Shanghai and Hong Kong ended lower.
European markets were quoting marginally lower. The US markets ended in positive territory on Friday.
Global oil benchmark Brent crude declined 0.53 per cent to USD 76.92 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth Rs 70.69 crore on Friday, according to exchange data.
The BSE benchmark climbed 440.33 points or 0.61 per cent to settle at 72,085.63 on Friday. The Nifty went up by 156.35 points or 0.72 per cent to 21,853.80.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Thinkink Picturez
- 1.94 (+ 4.86)
- 69820171
- Rajnish Wellness
- 1.78 (+ 4.09)
- 54627483
- G G Engineering
- 1.80 (+ 1.12)
- 53423097
- GTL Infrastructure
- 2.32 ( 0.00)
- 34510899
- Vodafone Idea L
- 8.10 ( -0.25)
- 34418651
MORE NEWS
Brookfield India REIT Raises Rs 3,500 Cr via QIP
Brookfield India REIT launches a Qualified Institutional Placement (QIP) issue to raise...
Rajasthan Tourism Potential: Inclusive...
Union minister Gajendra Singh Shekhawat highlights Rajasthan's tourism potential,...
India Airlines: 809 Hoax Bomb Threats in 5 Years
Airlines in India faced 809 hoax bomb threats in the last five years, with a surge in...