Mumbai, Aug 6 (UNI) India’s benchmark indices started on a positive note on Tuesday as the market recovered, mirroring other Asian and global markets, but the momentum was short-lived as the BSE Sensex closed 166.33 points lower to settle at 78,593.07 amid selling pressure across shares of companies.
The National Stock Exchange (NSE) Nifty 50 also fell below 24000-mark and lost 63.05 points to close at 23,992.55.
The volatile index (Vix) fell 8 per cent today showing the rate of volatility was far less than what was witnessed yesterday when the BSE Sensex had lost over 2,222 points.
The market opened on a positive note and had improved almost 1000 points during the intra-day and had touched day’s high of 79,852 before the profit taking appeared pairing all previous gains. The Nifty 50 also was up around 350 points during the day but it closed 63 points down at 23 992.55.
Yesterday the Foreign Institutional Investors (FIIs) had sold equities worth Rs 10,073 crore while the Domestic Institutional Investors (DIIs) had bought to the tune of Rs 91,55 crore, according to data available.
The stocks that fell today were Telecommunications by 1.25%, Financial Services by 1.07% and Consumer Durable by 0.99%.
The midcap and the Small Cap also declined by 0.85% and 0.31% respectively.
In the 30-scrip BSE Sensex 12 companies advanced as they closed in green over the previous day while 18 declined and ended in red.
The losers included Bharti Airtel by 1.44% to Rs 1444.85, M&M by 1.32% to Rs 2643.50, SBI by 1.28% to Rs 800.75, HDFC Bank by 0.75% to Rs 1603, and Titan by 0.72% to Rs 3349.90.
The gainers were JSW Steel by 2.32% to Rs 883.60, Tech Mahindra by 1.63% to Rs 1480, L&T by 1.62% to Rs 3585.05, and Hind Unilever by 1.55% to Rs 2758.05.
