The stock market fell for the second consecutive day, the Sensex fell by 354 points due to weakness in HDFC and RIL


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Highlights

  • Losses of both HDFC shares and big stocks like Reliance
  • Sensex fell for the third consecutive day on Thursday
  • Sensex breaks down over 354 points in early trade

Mumbai. Major stock indices Sensex fell for the third consecutive day on Thursday as both HDFC shares and majors like Reliance lost ground amid weak global cues. Sensex broke over 354 points in early trade. During this, the 30-share Sensex was trading at 59,255.87, down 354.54 points in early trade. Similarly, the broader NSE Nifty fell 91.35 points to 17,716.30.

HDFC Bank, HDFC, Titan, Wipro, TCS, Nestle and Reliance Industries Ltd were among the major losers in the Sensex trade. On the other hand Dr. Reddy’s, NTPC, Axis Bank and Sun Pharma were trading in the green. In the previous session, on Wednesday, the 30-share Sensex closed at 59,610.41 points, down 566.09 points, or 0.94 per cent.

The Nifty of the National Stock Exchange also closed at 17,807.65, down 149.75 points, or 0.83 per cent. Meanwhile, international oil standard Brent crude rose 1.71 percent to $ 102.80 per barrel. Foreign institutional investors (FIIs) sold shares worth Rs 2,279.97 crore on Wednesday, according to data available from the stock exchanges.



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