The Sensex closed on Thursday with a decline of 315 points and Nifty 82, amidst the disappointing results of the India Unilever and the march quarter of Hindustan Unilever, after the rapid rise of seven trading sessions in the stock markets. Analysts said the market also recorded a decline in the market due to selling in veteran companies ICICI Bank and Bharti Airtel and a soft trend in Asian and European shares. The BSE Sensex fell 315.06 points, or 0.39 per cent to close at 79,801.43 points. At one time during trading, it fell 391.94 points to 79,724.55 points. The standard index Nifty of the National Stock Exchange (NSE) also closed at 24,246.70 points with 82.25 points, or 0.34 per cent, at 24,246.70. This is the first decline in the local stock market after seven trading sessions. In the last seven trading sessions, the Sensex had jumped a total of 6,269.34 points, or 8.48 per cent, while the Nifty jumped 1,929.8 points, or 8.61 per cent.
Hindustan Unilever Limited (HUL) recorded the highest four per cent decline among the companies included in the Group of Sensex on Thursday. The selling trend dominated the interest of HUL’s March quarter due to a decline of 3.35 per cent in integrated net profit. Apart from this, shares of Bharti Airtel, ICICI Bank, Internal (Zomato), Mahindra & Mahindra, HCL Technologies, HDFC Bank, Kotak Mahindra Bank, Tata Consultancy Services and Bajaj Finance also declined.
On the other hand, the shares of IndusInd Bank, UltraTech Cement, Tata Motors, Tech Mahindra, Titan and Asian Paints closed up. Vinod Nair, head of research of Geojit Investment Limited, said, “Light profits were observed in the domestic market after recent boom. Similarly, there was a selling pressure in global markets as the possibility of a quick resolution of fees disputes between the US and China has decreased.
Nair said, “The region’s performance was poor due to the weakening of the fourth quarter of the major companies making daily consumption goods (FMCG). According to Bajaj Broking Research, the major indices broke the rhythm of its seven -day lead and closed slightly. The Nifty opened with lethargy and trading in a limited range throughout the day, which led to a corrective perception.
The BSE midcap index fell by 0.16 percent and the smallcap index by 0.01 percent. BSE broke 2,015 shares while 1,920 rose and 151 shares remained unchanged.
Other markets in Asia closed with South Korea’s Cupi Index and Hong Kong’s Hangseng fall, while Japan’s Nikkei and China’s Shanghai composite were in the lead. Europe’s markets were trading with a decline. The US markets closed with a sharp lead on Wednesday. Global oil standard brent crude fell 0.03 per cent to $ 66.10 per barrel.
First Published – April 24, 2025 | 11:37 pm IST
(Business Standard Staff has changed the headline and photo of this report, the rest of the news has been published without any change from a common news source.)
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