Stock market downtrend, Sensex up 418 points and Nifty 131 points

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The BSE Sensex closed with a jump of 934 points. There was a rally in the market with buying in shares of Reliance Industries and Information Technology companies amid a positive trend in global markets.

New Delhi:

stock exchanges A declining trend was seen in today. Sensex and Nifty fell in early trade on Wednesday due to weak trend in Asian markets. Earlier, the market was bullish for two days. Sensex and Nifty also declined due to continuous selling by foreign investors. Sensex fell 418.07 points in early trade. The BSE 30-share index fell 418.07 points to 52,114, while the Nifty was down 131.1 points at 15,507.70.

Bajaj Finserv, Tata Steel, Bajaj Finance, Axis Bank, IndusInd Bank, Tech Mahindra and Bharti Airtel were among the major losers on the Sensex. On the other hand, Dr. Reddy’s Laboratories, Maruti Suzuki India and Hindustan Unilever were trading in profit.

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Earlier on Tuesday, the 30-share Sensex closed at 52,532.07 points, up 934.23 points or 1.81 percent. Similarly, the Nifty of the National Stock Exchange also closed at 15,638.80 with a gain of 288.65 points or 1.88 percent. In other Asian markets, markets in Hong Kong, Seoul and Shanghai were trading with a fall in mid-session deals. Meanwhile, Brent crude, the international oil index, fell 3.20 per cent to $110.98 per barrel. Foreign institutional investors (FIIs) sold shares worth a net Rs 2,701.21 crore on Tuesday, according to provisional data from the stock market.

(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)

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