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HomeBusinessSensex, Nifty fall marginally, RIL loses nearly two percent

Sensex, Nifty fall marginally, RIL loses nearly two percent

Mumbai, Dec 30 (PTI) Domestic equity markets fell marginally on Thursday on a cautious approach by investors amid rising cases of Omicron. Standard indices Sensex and Nifty closed with a fall in oil and gas, metal and auto stocks.

The 30-share BSE Sensex ended 12.17 points, or 0.02 per cent, lower at 57,794.32 points on the last day of settlement in the monthly futures and options segment. 14 stocks of Sensex remained in loss while 16 were up.

Similarly, the NSE Nifty closed at 17,203.95 with a nominal loss of 9.65 points, or 0.06 per cent. Of the 50 Nifty stocks, 27 were in losses.

According to analysts, the stock market remained in a narrow range amid light trading due to reduced investor activity ahead of the end of the year.

Reliance Industries was the biggest loser with the Sensex falling nearly two per cent. Apart from this, Tata Steel fell 1.34 per cent, Maruti Suzuki 0.82 per cent, Bajaj Finance 0.63 per cent. Sun Pharma and State Bank of India were also in the red.

On the other hand, gainers include NTPC (3.13 per cent), HCL Tech (1.94 per cent), Titan (1.85 per cent), IndusInd Bank (1.74 per cent), Wipro and Dr. Reddy’s.

Religare Broking Ltd. Ajit Mishra, Vice President (Research) at M/s said, “The market remained volatile on the last day of settlement of the deal in the monthly futures and options segment. A weak opening in the domestic market with a mixed trend in global markets amid rising cases of Omicron.

Vinod Nair, Head of Research, Geojit Financial Services, said the market remained volatile on the last day of monthly settlement of the deal. Shares of IT and health companies rose.

Globally, there was a mixed trend. Investors are cautious in view of the third wave amid rising inflation.

According to Nair, “Bank stocks were particularly under pressure. The reason for this is the Financial Stability Report of the Reserve Bank. It said that the bad loans (NPA) of banks in normal scenario may increase to 8.1 per cent in September 2022 from 6.9 per cent in September 2021.

In other Asian markets, Shanghai Composite Index in China and Hang Seng in Hong Kong ended with gains, while Kospi in South Korea and Nikkei in Japan ended in losses.

There was a mixed trend in the afternoon trading in the major markets of Europe.

Meanwhile, international oil benchmark Brent crude declined 0.68 per cent to $78.69 per barrel.

According to the data available in the stock market, FIIs were net sellers in the capital market. He sold shares worth Rs 975.23 crore on Wednesday.

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