Sensex falls for third straight session; Tata Steel, Dr Reddy’s, Infosys top losers

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Benchmark indices closed with losses on Tuesday amid a weak global market trend and rising crude oil prices. The Sensex fell for the third session and closed at 62,626.36, down 208.24 points or 0.33 per cent. During the day, the 30-stock index fell 444.53 points, or 0.70 per cent, to 62,390.07. The Nifty closed 58.30 points, or 0.31 per cent, down at 18,642.75.

top sensex losers

Tata Steel (up 2.50%), Dr Reddy’s (2.35%), Infosys (1.69%), State Bank of India (1.32%), Bharti Airtel (1.27%) and ICICI Bank (1.26%) were the top losers.

Top gainers of Sensex

Hindustan Unilever (1.31%), UltraTech Cement (0.99%), Power Grid (0.81%) and Nestle (0.75%) were the top gainers.

Vinod Nair, Head of Research, Geojit Financial Services, said, “Amid heavy selling in metals and IT stocks amid adverse global cues, bears kept pushing domestic indices lower. The mood had turned sour. Economic data out of the US. While easing of COVID restrictions in China benefited the demand outlook, fresh sanctions on Russian oil further fueled volatility in global oil markets. Investors at home yesterday RBI Looking forward to the policy meeting, which is expected to slow down, given the moderation in food prices, the price hike is on the way.”

Read also: Tata Steel shares breakout, trading at six-month high; time to buy?

15 out of 30 Sensex closed with losses. The market breadth was negative with 1,596 scrips falling against 1,899 scrips on the BSE. There was no change in 137 shares.

IT, banking, consumer durables and metal stocks were the top losers in their respective BSE indices, falling 421 points, 214 points, 222 points and 356 points, respectively.

The market cap of BSE-listed firms stood at Rs 289.92 lakh crore as against the market cap of Rs 290.46 lakh crore in the previous session. The BSE Mid Cap and Small Cap indices fell 140 points and 96 points, respectively.

Foreign institutional investors (FIIs) sold shares worth Rs 1,139.07 crore on Monday, according to exchange data.

last session

Sensex closed with losses for the second consecutive session on Monday led by losses in IT and pharma stocks. The Sensex closed 34 points down at 62,834 and the Nifty closed at 18,701 with a gain of 5 points.

global market

In other Asian markets, Seoul and Hong Kong closed with losses, while Tokyo and Shanghai closed in the green. Equity exchanges in Europe were trading lower in afternoon trade. Wall Street closed in negative territory on Monday. International oil benchmark Brent crude was trading 0.68 per cent higher at $83.24 per barrel.

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