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Mumbai: Selling by foreign portfolio investors (FPIs) in Indian stock markets became more aggressive today. Despite the US Federal Reserve cutting interest rates by 0.25 per cent, with signs of only two interest rate cuts in 2025, global funds continued to underwrite big bullish trades yesterday, with the Dow Jones down 1,123 points and the Nasdaq down 716 points. The score remained down. And following uncertainty over Donald Trump’s policy on inflation, global markets as well as Indian stock markets witnessed fresh decline today. At the same time, geopolitical tensions started rising on the global front, not to mention the stocks saw a new rise after the killing of a Russian general by Ukraine, even as Russia killed hundreds of Ukrainian soldiers and brought the situation to war. And made it worse. Situation.
After losing important levels yesterday, markets Sensex, Nifty lost another important level in intra-day today. Nifty lost the level of 23950 and fell to 23870.30 and finally closed at 23951.70 with a fall of 247.15 points. At the same time, Sensex fell below 79020.08, lost 964.15 points and closed at the level of 79218.05. Among finance, banking stocks, Bajaj Finance, Bajaj Finserv, ICICI Bank were in the lead, while in IT stocks, TCS, Infosys, Tech Mahindra and among other frontline stocks were Reliance, Asian Paints, JSW Steel, Tata Motors.
decline in banking shares
Funds sold heavily in finance and banking shares today. As the trend of cutting interest rates started affecting the profitability of banks and finance companies, funds controlled the bullish trade. ICICI Bank fell by Rs 24.10 to Rs 1289.50, Axis Bank fell by Rs 11.75 to Rs 1110.70, Kotak Mahindra Bank fell by Rs 18.10 to Rs 1761.90, HDFC Bank fell by Rs 17.75 to Rs 17.75. 1793.45. Bajaj Finserv fell by Rs 40.70 to Rs 1590, Bajaj Finance fell by Rs 159 to Rs 6914, Jio Financial fell by Rs 11.40 to Rs 313.15, TVS Holding fell by Rs 411.55 to Rs 10,894. BSE Bankex index fell 689.37 points to close at 58728.26. Happened.
Capital goods index fell
The BSE Capital Goods index closed 766.63 points lower at 70,695.45 as capital goods stocks witnessed fresh losses as funds and investors continued selling. ABB India fell by Rs 306.10 to Rs 7349.35, Hindustan Aeronautics fell by Rs 99.60 to Rs 4383.45, RVNL fell by Rs 9.55 to Rs 448.35, Thermax fell by Rs 97.50 to Rs 4646.65, Grindwell Norton fell by Rs 40.25 to Rs 2085. Rs, Larsen & Toubro fell by Rs 44.90 to Rs 3712.95, NBCC fell by Rs 1.65 to Rs 97.11.
gap in IT shares
In the US, IT-software services stocks witnessed heavy selling today as Nasdaq fell. LTI Mindtree fell by Rs 354.80 to Rs 6221.75, Zegal Prepaid fell by Rs 28.05 to Rs 533.30, D-Link India fell by Rs 17.60 to Rs 593.85, Quick Hill fell by Rs 15 to Rs 593.85. 656.30, JOR fell by Rs 67.30 to Rs 3117.95, TCS fell by Rs 76.70 to Rs 4271.50, Zensar Technology fell by Rs 12.80 to Rs 776.35, Infosys fell by Rs 30.75 to Rs 1948.15, Tech Mahindra fell by Rs 23.30 to Rs 1755, AFL was down by Rs 40.60 to Rs 1772.10.
Fuel for recession in auto stocks
Amid predictions of a challenging year for automobile companies in 2025, there was bearish talk in auto stocks, with funds trading big. Cummins India fell by Rs 163.20 to Rs 3365, Ashok Leyland fell by Rs 3.80 to Rs 219, Tata Motors fell by Rs 11.40 to Rs 744.30, Mahindra & Mahindra fell by Rs 36.65 to Rs 3015. 05, Maruti Suzuki fell by Rs 50.90 to Rs 10,955, on MRF it fell by Rs 191.40 to Rs 1,30,123.
Reliance fell by Rs 22 to Rs 1230
Reliance Industries fell by Rs 22.45 to Rs 1230.60, Asian Paints fell by Rs 52.80 to Rs 2292.90, NTPC fell by Rs 4.30 to Rs 337.65, Dixon Technology fell by Rs 95 to Rs 18,408.30, Kalyani Jewelers’ shares closed down by Rs 13.55. At Rs 740.35, Titan fell by Rs 40.85 to Rs 3360.60, Voltas fell by Rs 11 to Rs 1746.
Prices tumble in small, mid-cap stocks
Market sentiment remained negative as retail investors rushed to sell small and mid-cap stocks in panic due to fall in Sensex, Nifty and fall in many stocks on low volumes. Of the total 4095 stocks traded on BSE, the number of gainers was 1589 and the number of decliners was 2414.
FII sale of Rs 4225 crore
FIIs sold shares worth Rs 4224.92 crore in cash today Thursday. Whereas DII-Domestic Institutional Investors made net purchases of Rs 3943.24 crore in cash today.
Investors’ wealth decreased
Due to continued fall in Sensex and Nifty and continued selling in small and midcap stocks, investors’ wealth i.e. the total market capitalization of BSE listed companies declined by Rs 2.84 lakh crore in a day to Rs 449.76 lakh crore.