Categories: ख़बरे

Stock market ended lower amid global sentiment slump

Stock market ended lower amid global sentiment slump

Ira Singh
2 Aug’23

The Indian equity market indices ended lower on Wednesday as weak economic data from the US, euro zone, and China led to caution in global equities.

At close, the Sensex was down 676.53 points or 1.02 percent at 65,782.78, and the Nifty was down 207.00 points or 1.05 percent at 19,526.55.

Stocks and Sectors

“The impact on the stock markets is likely to be negative but not large since the US economy is now headed for a soft landing and not a recession, as markets feared earlier,” Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, wrote on Twitter.

Among individual stocks GAIL, GNFC, Bosch saw short buildup while Mphasis and ACC witnessed long unwinding.

On the sectoral front all indices ended in red with auto, metal ,oil&gas and power down 1 percent each.

On 2 Aug’23,the Indian rupee depreciated 33 paise to close at 82.59 against the US dollar.

Experts Take:
Market experts have recommended six stocks to buy for Wednesday- HDFC Life Insurance, NTPC, Axis Bank, Reliance Industries, Escorts Kubota, and HCL Technologies.

AddThis Website Tools
Ira Singh

Recent Posts

Rishi Sunak rejoins Goldman Sachs as adviser post politics

Ira Singh Khabar Khabron Ki,9 July'25 Former British Prime Minister Rishi Sunak has returned to…

9 hours ago

Trump impossible 25% tariffs on Japan,South Korea,12 others

Ira Singh Khabar Khabaron Ki,08 July'25 U.S. President Donald Trump has announced sweeping new tariffs,…

1 day ago

FM Sitharaman holds bilateral talks with China,Russia at BRICS

Ira Singh Khabar Khabaron Ki,07 July'25 Union Finance Minister Nirmala Sitharaman held a series of…

2 days ago

India becomes fourth most equal country globally:World Bank

Ira Singh Khabar Khabaron Ki,06 July'25 India has emerged as the fourth-most equal country in…

3 days ago

India’s forex reserves rise Rs 41,359 crore to Rs 60 lakh crore

Ira Singh Khabar Khabaron Ki,04 July'25 India’s foreign exchange reserves surged by Rs 41,359 crore…

5 days ago

Nvidia becomes world’s most valuable company,hits $3.92 trillion

Ira Singh Khabar Khabaron Ki,04 July'25 In a historic breakthrough for the global technology industry,…

5 days ago