New Delhi, 08 December (Daily Kiran) – The domestic stock market closed lower on Monday, with the BSE Sensex dropping by 610 points and the NSE Nifty falling below the 26,000 mark. After two consecutive days of gains, profit booking and continuous selling by foreign investors pressured the market.
The BSE Sensex declined by 609.68 points, or 0.71%, to end at 85,102.69. During the day, it hit a low of 84,875.59, down 836.78 points. The NSE Nifty slipped 225.90 points, or 0.86%, closing at 25,960.55. It reached an intraday low of 25,892.25, down 294.2 points.
Among the 30 Sensex stocks, significant losses were seen in shares of Bharat Electronics Limited, Eicher Motors, Trent, Tata Steel, Bajaj Finance, Adani Ports, Bajaj Finserv, State Bank of India, Power Grid, Asian Paints, Tata Motors Passenger Vehicles, Titan, NTPC, Kotak Mahindra Bank, Larsen & Toubro, and Bharti Airtel. On the other hand, Tech Mahindra, HCL Technologies, Reliance Industries, and HDFC Bank closed with gains.
Analysts noted that investors adopted a cautious approach ahead of the US Federal Reserve’s policy decision this week, which weakened market sentiment. Profit booking at higher levels and continued foreign investor selling added to the pressure. Meanwhile, European stock markets traded with mixed trends. Brent crude oil prices fell 0.61% to $63.37 per barrel.
On Saturday, the BSE Sensex had risen 447.05 points, or 0.52%, closing at 85,712.37, while the NSE Nifty gained 152.70 points, or 0.59%, to finish at 26,186.45.
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(Daily Kiran) / Prajesh Shankar
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
