The fall in the stock markets from the last four trading sessions ended on Thursday. The BSE Sensex ended 149 points down, followed by a fall in Reliance Industries, Infosys, and ICICI Bank, which had a good stake in the index amid a weak trend globally. The Bombay Stock Exchange (BSE) Sensex closed 148.82 points or 0.37 percent down at 40,558.49, based on the shares of thirty companies. The Nifty of the National Stock Exchange lost 41.20 points, or 0.35 percent, to close at 11,896.45.
Globally, Shanghai, Japan’s Tokyo, and South Korea’s Sol closed in China in other markets of Asia. There was a boom in Hong Kong. There was also a downward trend in early trade in Europe’s major markets. Meanwhile, the international oil standard Brent crude was trading 0.22 percent higher at $41.82 a barrel.
The Sensex fell more than 250 points in early trade on Thursday as major companies such as Reliance Industries, ICICI Bank and Infosys were in decline. The 30-share sensitive index Sensex of the BSE was down by 279.13 points, or 0.69 percent, to 40,428.18 points and the NSE Nifty also fell 80.05 points or 0.67 percent to 11,857.60 points.
IndusInd Bank was the biggest loser among the Sensex stocks. It fell about 3 percent. Other major stocks that declined include ICICI Bank, Titan, Infosys, HDFC Bank, Nestle India, Sun Pharma and Reliance Industries. On the other hand, the profitable stocks include NTPC, Bharti Airtel, Bajaj Finance, and Axis Bank.
The stock markets gained momentum for the fourth consecutive trading session on Wednesday, and the Sensex closed up by 163 points. This led by strong stocks in the index like HDFC Bank, HDFC, and ICICI Bank. The 30-share BSE Sensex gained 162.94 points, or 0.40 percent, to close at 40,707.31 in volatile trading. During the trading, it fluctuated by 825.54 points. Similarly, the Nifty of the National Stock Exchange rose 40.85 points, or 0.34 percent, to close at 11,937.65.