Indian Stock Market Declines as Nifty 50 Falls 0.70%
India shares lower at close of trade; Nifty 50 down 0.70%
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India's stock market closed lower on Monday, with the Nifty 50 down 0.70% and the BSE Sensex 30 losing 0.68%. Key sectors like Power, Capital Goods, and Real Estate contributed to the decline, while Tech Mahindra and Infosys were among the few gainers.
- 01The Nifty 50 index decreased by 0.70%, closing at a lower level.
- 02Sector losses were led by Power, Capital Goods, and Real Estate.
- 03Tech Mahindra Ltd saw the largest gain on the Nifty 50, rising 3.71%.
- 04Declining stocks outnumbered rising ones by 1710 to 852 on the NSE.
- 05Gold Futures fell by 1.34%, while crude oil prices increased significantly.
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On Monday, the Indian stock market ended on a negative note, with the Nifty 50 index down 0.70% and the BSE Sensex 30 dropping 0.68%. The decline was primarily driven by losses in the Power, Capital Goods, and Real Estate sectors. Among the biggest gainers on the Nifty 50 were Tech Mahindra Ltd, which rose 3.71% to close at 1,539.00, and Infosys Ltd, increasing 3.67% to 1,203.50. Conversely, Hindustan Unilever Ltd and Tata Consumer Products Ltd were among the notable losers, with declines of 2.87% and 2.86%, respectively. The overall market sentiment was bearish, as declining stocks outnumbered advancing ones significantly, with a ratio of 1710 to 852 on the National Stock Exchange (NSE). In commodities, Gold Futures for August delivery fell by 1.34%, while crude oil prices rose sharply, with July futures increasing by 3.70% to $90.59 per barrel. The India VIX, which indicates market volatility, increased by 1.87%, reflecting heightened investor uncertainty.
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The decline in the stock market could affect investor sentiment and consumer confidence in the economy.
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