Sensex closes 64 points down at 35,592, Nifty down

On Monday, the Sensex dropped more than 350 points. In three sessions the Sensex has lost more than 600 points.

The stock markets fell for the third consecutive day on Tuesday, amid growing concern over the US-China trade dispute and the mixed trend in global markets. In view of the Federal Reserve's monetary meeting, general budget and futures and option clauses, investors are vigilant in the business. The Sensex dropped by 64 points to 35,592 points. The National Stock Exchange's Nifty also closed 9 points down at 10,652 points. On Monday, the Sensex dropped more than 350 points. In three sessions the Sensex has lost more than 600 points. Meanwhile, the global stock market remained positive, while the Asian markets were mixed. Speaking on the global front, all eyes are on the policy meeting of the Federal Reserve to be held on Thursday. Apart from this, everyone will also be seen on breakage related developments. Investor's view on the domestic front is on the forthcoming budget on February 1. Some populist announcements are expected in the budget.

Analysts say that if this happens then the government can come out of fiscal consolidation. Vinod Nayar, Head of Research, Geojit Financial Services, said, "Unlike the global market uncertainty and before the upcoming Federal Reserve meeting, the market opens with a negative stance. However, in the last hour of the business, due to the strengthening of the rupee and Short Cover before the F & O settlement, the market can compensate for some losses. Due to the upcoming budget and uncertainties related to the election, the market volatility will continue. "

Stocks of Yes Bank, L & T, HDFC, Reliance Industries, HDFC Bank, Power Grid and Coal India dropped to 2.43 percent in the Sensex companies. Other companies include Kotak Bank, ONGC, Mahindra and Mahindra, SBI, Tata Steel and Infosys. On the other hand SunPharma shares jumped 2.61 percent. Shares of Bajaj Finance, Asian Paints, ITC and HCL Tech are also in profit.

The 30-share Sensex of the Bombay Stock Exchange hit a high of 35,734.14 points in trade on Tuesday, and touched a low of 35,375.51 points. Finally, the Sensex closed at 64,20, or 0.18 percent, at 35,592.50 points. On the other hand, the Nifty closed at 9,352.20, down 9.35 points or 0.09 percent. In the meantime, the rupee was trading steady at the rupee at Rs 71.09 per dollar in the foreign exchange market. Brent crude oil gained 1.05 percent to reach $ 60.44 a barrel.

Meanwhile, as per the provisional data of the stock exchanges, foreign portfolio investors bought shares worth Rs 223.44 crore purely on Monday. At the same time domestic institutional investors bought Rs 92.32 crore. According to analysts, global investor sentiment has weakened after many allegations against China's Huawei, China's telecommunications company. This has happened at a time when negotiations between the United States and China are going on between 30 and 31 January on business disputes.

However, the White House has clarified that there is no relation between these two matters. Hong Kong's Hang Seng dropped 0.16 percent and Shanghai Composite 0.10 percent in Asian markets. Corps of South Korea improved 0.28 percent. Japan's Nikkei gained 0.07 percent. In the initial business the European market was operating in profit.

See also for more information about Bombay Stock Market visit :

https://en.wikipedia.org/wiki/Stock_market_crashes_in_India

Also visit for Share Market News:

https://www.abplive.in/business/budget-2019-sensex-witnesses-665-points-pre-budget-rally-today-908439