Indian Stock market closed decline today, with the BSE Sensex and NSE Nifty indices closing 2.25 per cent down. The Sensex ended 586.65 points or 2.23% at 25696.44 and The Nifty index declined 185.45 points or 2.33% at 7785.85. It’s today low, the Sensex Intraday fell as much as 703 points while Nifty lower 7746, it’s lowest in nearly one year.
@Sensex Losers:- Axis Bank 5.24%, Hindalco Inds 5.18%, Tata Steel 3.93%, BHEL 3.91%, Sesa Goa 3.80%, M&M 3.77%, Lupin 3.43%, SBI 3.24%, Tata motors 3.10%, ITC 3.00%, Coal India 2.99%, L&T 2.92%, Cipla 2.68%. Five Factors that weighed on Market.
- Below-expected Q1 GDP data
- Potential US Fed rate hike in September
- China slowdown jitters haunt markets
- Rise in crude oil prices likely to weigh on markets
- Sharp selling by FIIs
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