Bombay Stock Exchange Benchmark Sensex Falls Amid Negative Investor Sentiment

The Bombay Stock Exchange (BSE) benchmark Sensex shed 46.67 points to settle at 19,934.64 due to negative investor sentiment triggered by a hike in deposit rates by banks. Despite strong global cues, the Sensex closed lower. The National Stock Exchange (NSE) Nifty also dipped by 15.70 points to 5,976.55. The banking sector index suffered the most, with a 2.86% decline, and the realty sector index was the second worst hit.

Key Takeaways:

• The Sensex lost 46.67 points to settle at 19,934.64 due to negative investor sentiment.
• The Nifty dipped by 15.70 points to 5,976.55.
• The banking sector index declined by 2.86% to 13,339.43, with shares of State Bank of India, ICICI Bank, and HDFC Bank registering a steep fall.
• The realty sector index slipped by 0.93% to 2,913.07 as shares of major firms like DLF Ltd, Akruti City, DB Realty, and Indiabulls Real Estate recorded a significant decline.
• Reliance Industries Ltd and Infosys Technologies, which constitute about 23% of the Sensex, minimized the loss in the weak market with a gain of 1.05% and 0.71%, respectively.
• The oil and gas sector index, metal sector index, and information technology sector index were the top three gainers in the trading session, rising by 0.91%, 0.69%, and 0.31%, respectively.

Statistics:

• Sensex lost 46.67 points to settle at 19,934.64.
• Nifty dipped by 15.70 points to 5,976.55.
• Banking sector index declined by 2.86% to 13,339.43.
• Realty sector index slipped by 0.93% to 2,913.07.
• Oil and gas sector index rose by 0.91%.
• Metal sector index rose by 0.69%.
• Information technology sector index rose by 0.31%.

Sources:

• "Bombay Stock Exchange Benchmark Sensex Falls Amid Negative Investor Sentiment", Contify.com.