Business

Stock Markets Close Lower Owing To Negative Global Trends

On Monday, benchmark equity indices Sensex and Nifty closed lower owing to negative global trends after reaching an all-time high in early trade, with the Sensex surpassing 77,000 for the first time in history.

The 30-share BSE Sensex sank 203.28 points, or 0.26 percent to 76,490.08. The NSE Nifty dropped 30.95 points, or 0.13 percent to 23,259.20.

Vedanta, Tech Mahindra, Infosys, GAIL (India), Mahindra & Mahindra, and LITMindtree were the top laggards.

Among the gainers were Samvardhana Motherson, Shree Cement, Interglobe Aviation, UltraTech Cement, Ambuja Cement, and RECL.

In Asian markets, Singapore, and Tokyo ended in positive territory, while South Korea and Malaysia closed in negative territory.

Chinese, Hong Kong, Taiwanese, and Australian markets were closed on Monday for holidays.

The US stock market closed down on Friday.

European stocks were trading lower.

Brent crude gained 0.31 percent to USD 79.87 per barrel.

According to data exchange, Foreign Institutional Investors (FIIs) bought equities worth Rs 4,391.02 crore on Friday.

On Friday, the Sensex climbed 1,618.85 points or 2.16 percent to 76,693.36, while the Nifty advanced 468.75 points or 2.05 percent to 23,290.15.

Also read: Mexico’s Violence Uproots 4,000 People, With Six Arrested For Carrying Unlicensed Firearms

Spriha Rai

Recent Posts

PM Modi’s Khadi Push Takes The Ramp: ‘Navyug Khadi’ Fashion Show Redefines Indian Style At Pragati Maidan

The Navyug Khadi Fashion Show showcased khadi’s modern transformation, blending PM Modi’s vision, artisan heritage,…

2 mins ago

Winter Session Set For Political Firestorm In Parliament

Parliament braces for a stormy winter session as the government pushes reforms and the Opposition…

2 hours ago

President Murmu Celebrates Blind Women’s T20 World Cup Heroes At Rashtrapati Bhavan

President Droupadi Murmu celebrated the Indian Blind Women’s T20 World Cup winners at Rashtrapati Bhavan,…

3 hours ago

Realme C85 5G Packs Big Battery, Fast Display & IP69 Strength At A Budget Price

Realme launches the C85 5G with a 7000 mAh battery, 144 Hz display and IP69…

4 hours ago

Beat Winter Smog: Power Foods That Strengthen Your Lungs

A lung-strengthening diet rich in antioxidants, spices and fibre helps Indians fight winter pollution and…

5 hours ago

AI Deepfake Misrepresents CDS Chauhan; PIB Confirms Video False

PIB fact check debunks AI-manipulated video showing CDS Chauhan falsely claiming India surrendered Arunachal Pradesh…

6 hours ago