Economics: Swiggy's second day of share listing ruckus and orders for investigation into Ola Electric regarding complaint resolution.

Inventory market falls for sixth consecutive day, Sensex slips 110 factors

The Indian inventory market closed within the pink for the sixth consecutive day on Thursday. On the finish of buying and selling, promoting was seen in PSU banks, pharma, FMCG and steel sectors. The Sensex closed at 77,580.31, falling 110.64 factors or 0.14 per cent. On the identical time, Nifty closed at 23,532.70 after a slight fall of 26.35 factors or 0.11 p.c. Nifty Financial institution rose 91.20 factors or 0.18 per cent to 50,179.55. The Nifty Midcap 100 index closed at 54,043.10 after rising 242.25 factors or 0.45 per cent. The Nifty Smallcap 100 index closed at 17,601.05 after rising 142.15 factors or 0.81 per cent. There was shopping for in Nifty's Auto, IT, Monetary Providers, Actuality, Media, Non-public Financial institution and Infra sectors. On the identical time, PSU banks, pharma, FMCG and steel sectors remained beneath strain. Kotak Mahindra Financial institution, Tech Mahindra, M&M, HDFC Financial institution, Asian Paints and JSW Metal had been the highest gainers within the Sensex pack. Whereas, Hindustan Unilever Restricted, NTPC, Nestle India, IndusInd Financial institution, Energy Grid and Tata Motors had been the highest losers. On the Bombay Inventory Change (BSE), 2,159 shares had been buying and selling within the inexperienced, 1,798 shares had been buying and selling within the pink. Whereas, there was no change of any type in 93 shares. Market consultants mentioned that the development of decline in Sensex and Nifty 50 continued and recorded decline for the sixth consecutive day. World strain and continued promoting by international traders affected sentiment. “The strong dollar index which is now at 106.61 and the US 10-year bond yield at 4.48 per cent, both have increased the headwinds for Indian equities,” mentioned Vikram Kasat of PL Capital. “This has become even more stressful as the U.S. has fallen to historic lows.”