Sensex Markets falls for 2nd day
By Lokmat English Desk | Published: July 26, 2022 05:48 PM2022-07-26T17:48:54+5:302022-07-26T17:48:54+5:30
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The stock market fell for the second day in a row and both the standard indices. BSE Sensex and NSE Nifty were in losses of about one percent on Tuesday. Markets declined amid selling by foreign institutional investors amid a mixed trend globally.
The Nifty of the National Stock Exchange also closed at 16,483.85, down 147.15 points, or 0.88 per cent. Infosys, Axis Bank, Hindustan Unilever, Dr. Reddy's Lab, Wipro, Kotak Mahindra Bank and Larsen & Toubro were the main losers in the Sensex stocks.
On the other hand, the gainers include Bajaj Finserv, Bharti Airtel, PowerGrid and Bajaj Finance. Vinod Nair, Head of Research, Geojit Financial Services, said, “The US Federal Reserve meeting has started from today (Tuesday).
In this, the policy rate is estimated to increase by 0.75 percent. Apart from this, fears of slowdown, especially in western markets, weighed on the market sentiments.
Major markets in Europe were in a downtrend in early trade. The US market had a mixed trend on Monday. Meanwhile, international oil benchmark Brent crude jumped 1.38 percent to $106.6 per barrel.
