Business EconomyPosted at: Aug 13 2024 5:25PM


Sensex down 693 points, Nifty ends below 24,200 mark

Mumbai, Aug 13 (UNI) India’s benchmark indices fell for the second consecutive session on Tuesday, amid mixed global cues and weak domestic macroeconomic data for the month of June, as the BSE Sensex tumbled 693 points and NSE index Nifty losing 208 points due to broad based selling in banking, power and oil & gas.
The market opened marginally lower but extended the losses during the day dragging Nifty below 24,200 and BSE Sensex below 79000 mark.
The market remained under pressure for the whole session as the Sensex slipped 375 points to open at 79,330.12 points. During the day, it tanked 916 points to touch day’s low at 78,889.38 before closing at 78,956.03, slumping 692.89 points from its previous close.
All indices ended in red. The mid cap and the small cap also fell by 0.98% and 1.16% respectively.
The Foreign Institutional Investors (FIIs) had sold equities to the tune of Rs 4680 crore yesterday while the Domestic Institutional Investors (DIIs) had bought worth Rs 4477 crore, according to data available.
In 30-scrip BSE Sensex shares of 9 companies advanced marginally while of 21 companies declined over their previous closings.
Sources in the market said that even as the latest report by the Hindenburg Research had not impacted the market yesterday but its effects were felt in the market today as the opposition Congress has made its demand for a probe by Joint Parliamentary Committee (JPC) in whole saga.
Addressing media Congress general secretary (Organisation) KC Venugopal said “The party unanimously decided to have a nationwide agitation on issue demanding two things – JPC inquiry on Adani mega scam in which the Prime Minister is fully involved and in which the financial market regulation has now been found to have been severely compromised and removal of SEBI Chairperson.”
In today’s session, the losers were HDFC Bank by 3.29% to Rs 1606.45, Tata Steel by 2.37% to Rs 148.45, Bajaj Finance by 2.02% to Rs 6477, SBI by 1.97% to Rs 796.95, and Tata Motors by 1.92% to Rs 1055.40.
The gainers included Titan by 1.80% to Rs 3385, HCL Technology by 0.57% to Rs 1593.65, Nestle India Ltd by 0.36% to Rs 2482, and Sun Pharma by 0.26% to Rs 1737.20.
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Tags: #Sensex down 693 points# Nifty ends below 24#200 mark
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