HDFC: Market declines after two days of rally; HDFC twins, Reliance drag Sensex 413 points lower – Times of India

MUMBAI: Benchmark equity indices closed lower on Tuesday after two days of rally, dragged down by index majors HDFC twins and Reliance Industries,
BSE with 30 shares Sensex Even after starting trading on a strong note, it fell 413.24 points or 0.66 per cent to close at 61,932.47. During the day, it fell 498.3 points, or 0.79 per cent, to 61,847.41.
The NSE Nifty closed at 18,286.50, down 112.35 points or 0.61 per cent.
Among Sensex firms, HDFC, HDFC Bank, Mahindra & Mahindra, Kotak Mahindra Bank, Bharti Airtel, Tata Motors, Reliance Industries and Maruti were the biggest losers.
Bajaj FinanceState Bank of India, NTPC, Hindustan Unilever, Titan, Infosys, Bajaj FinservMajor gainers included Wipro, Asian Paints and Tata Consultancy Services.
In Asia, markets in Seoul, Tokyo and Hong Kong ended in the green, while Shanghai closed lower.
European markets were mostly trading in the green. America market It closed with gains on Monday.
“The domestic benchmark’s climb towards record highs was hampered by selling pressure in heavyweights, though small- and mid-caps outperformed. As expected, the euro zone economy contracted 0.1 per cent QoQ in the January-March period. experienced a modest growth of 1.5%, following a stable previous quarter. In the US market, cautious trade prevailed as credit-limit talks took precedence,” said Vinod Nair, Head of Research, Geojit Financial Services.
Meanwhile, global oil benchmark Brent crude fell 0.65 per cent to USD 74.82 per barrel.
Foreign institutional investors (FIIs) were the buyers on Monday as they bought equities worth Rs 1,685.29 crore, according to exchange data.
On Monday, the BSE benchmark had climbed 317.81 points, or 0.51 per cent, to close at 62,345.71. The broader NSE Nifty settled 84.05 points, or 0.46 per cent, higher at 18,398.85.