New Delhi: The Bombay Stock Exchange’s Sensex closed down by 153 points on Thursday on profit-booking. The stock market came down following the fall in shares of companies like Reliance Industries, TCS, HDFC Bank and HUL amid weak global trend and rise in crude oil prices. The 30-share Sensex closed down 152.88 points, or 0.37 per cent, at 41,170.12.
Similarly, the National Stock Exchange’s Nifty lost 45.05 points, or 0.37 per cent, to close at 12,080.85. Among the Sensex stocks, Asian Paints, HUL, TCS, Tech Mahindra, Reliance Industries, Ultra Tech Cement were the biggest losers. On the other hand, IndusInd Bank, Tata Steel, SBI, Power Grid and ONGC were the main gainers.
According to traders, investors are a bit cautious about the Corona virus having an economic impact on the global economy. So far 2,118 people have died in China due to the corona virus. 114 more people have died due to this virus. However, the number of new cases suffering from this has decreased significantly and has been 394.
Apart from this, the rise in the price of crude oil also affected the investor perception. Brent crude rose 0.14 percent to $ 59.20 per barrel. The Shanghai stock market gained momentum after China’s central bank cut interest rates in other markets in Asia.
The central bank has taken this step with the intention of helping provide cheaper loans to companies affected by the virus. Apart from this, Tokyo was also fast. However Hong Kong and Seoul were at a loss. Major markets in Europe also declined in early trade.
