Closing Bell: Sensex, Nifty Close Slightly Down

In the Asian market, Seoul, Shanghai, and Hong Kong finished lower, while Tokyo concluded higher

Written by Spriha Rai August 8, 2023

The Sensex and the Nifty ended in the red on Tuesday, while the second-tier midcap and smallcap markets eked out gains despite dismal global cues as China’s weak economic data weighed on morale.

Sensex opened 95 points higher at 66,048.81, compared to the previous finish of 65,953.48, but failed to maintain its gains, sliding 201 points to an intraday low of 65,752.63.

Sensex closed 106 points, or 0.16 percent, lower at 65,846.50, while the Nifty concluded 26 points, or 0.13 percent, lower at 19,570.85, halting a two-day winning streak for both.

Mid and small-caps stocks outperformed the Sensex. The BSE Midcap index finished 0.15 percent higher, while the Smallcap index rose 0.25 percent.

In the Asian market, Seoul, Shanghai, and Hong Kong finished lower, while Tokyo concluded higher.

The European markets were trading in the red.

On Monday, the US markets finished in the green.

Brent crude rose 0.18 percent to USD 85.49 a barrel.

According to the exchange date, foreign institutional investors (FIIs) sold securities worth Rs 1,892.77 crore on Monday.

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