Top News

Business Desk – Share Market Update: A decline is being seen in the stock market on 5th May, the second trading day of the week. Sensex is trading at the level of 76,700, falling by about 550 points. Nifty has also fallen by 150 points to the level of 23,950. Out of 30 stocks included in the Sensex, 18 are showing a decline, while 12 are showing a rise. A decline of up to 2% is being seen in stocks like Bajaj Finance, Bajaj Finserv, ICICI Bank and Sun Pharma.

A mixed trend was seen in Asian markets today. Where sharp gains were recorded in some major indices. Other markets closed with losses. South Korea’s KOSPI index closed at 6,937, registering a strong gain of 338 points or 5.12%. At the same time, Japan’s Nikkei increased by 228 points (0.38%) to reach 59,513. In contrast, Hong Kong’s Hang Seng index closed at 25,822, a decline of 274 points or 1.01%.

Earlier, on May 4, a weak trend was seen in the US markets. The Dow Jones Industrial Average closed at 48,942, down 557 points (1.13%). The Nasdaq fell 47 points (0.19%) to 25,068, while the S&P 500 fell 29 points (0.41%) to 7,201.

Talking about the activities of foreign investors, in the last seven days, FIIs/FPIs have sold shares worth Rs 10,514 crore in the Indian market. In contrast, domestic institutional investors (DIIs) have purchased Rs 10,514 crore during the same period. This has provided some support to the market. According to the last 30 days’ data, DIIs have made purchases of Rs 41,448 crore, while FIIs/FPIs have recorded withdrawals of Rs 49,038 crore, indicating pressure on the market.

On Monday, Sensex closed with a gain of 355 points. Earlier, on Monday, May 4, a rise was seen in the stock market. Sensex closed at the level of 77,269 after rising 355 points. Nifty also gained 121 points and closed at the level of 24,119. During the trading session, maximum buying was seen in Realty, Metal, Pharma and Auto sector stocks, while maximum selling was seen in IT, Public Sector Banks and Media stocks.