As FIIs sold Rs. 1862.57 crore investments yesterday , the domestic market came under pressure. Today, the Nifty 50 index fell by 0.59% during the first two hours of the market session. The equity index again fell below the 19700 mark, which it reclaimed earlier this week.
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The festive season, the unchanged repo rate by RBI, and economic growth have kept the domestic market stable until now. Find out more
Despite gains in the Metal and Energy sectors, the NSE Nifty 50 closed at a low of 19,794, shedding 17.35 points or 0.09%, driven by losses in the IT sector.
Tata Consultancy Services Ltd (TCS), the renowned IT giant, recently declared its second interim dividend of ₹9 per equity share for fiscal year 2023, marking an impressive 900% increase over the face value of the shares
While the stock market gained for the previous two days, today, the market is having mixed sentiments. The selling pressure has been built especially in the IT sector, which is pulling the overall market down to some extent.
At the day’s end, Ultratech Cement, RIL, Hero MotoCorp and Wipro gained the most, while HCL, TCS and Coal India were among the NSE top losers today.
Nifty 50 surpassed the 19800 level today and closed at 19809.45 gaining around 0.61% . Amid global market cues, dovish comments from fed officials bring some sort of relief to the global market which can be felt in the domestic market as well.
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