After selling, the Sensex fell by 323 points
News Agency / New Delhi
Shares of Infosys, Reliance and HDFC fell sharply by 323 points in the last hour of trading on Wednesday. The BSE benchmark Sensex fell by 323.34 points, or 0.55 per cent, to close at 58,340.99. The market has declined in five sessions in the last six days. Similarly, the wide-based National Stock Exchange index Nifty declined by 88.30 points, or 0.5 per cent, to close at 17,415.05.
Shares of Maruti, Infosys, Tech Mahindra, ITC, Reliance, L&T, Ultra Tech Cement and HDFC also fell 2.62 per cent in the Sensex. On the other hand, shares of ICICI Bank, NTPC, Kotak Bank, Bajaj Finance and Powergrid rose. Shares of 22 companies traded higher in the Sensex.
Asian markets have a mixed atmosphere, given the initiatives taken by the United States, India and Japan to reduce oil prices. Foreign investment institutions sold shares worth Rs 4,477.06 crore on Tuesday. The rupee strengthened by 2 paise to 74.40 against the dollar in early trade on Wednesday.
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