31 March: Sensex closed 627 points down at 49,509, Nifty down 154 points, HDFC Bank shares fall 4%

The domestic market also closed in the red mark due to the fall in the global market. The BSE Sensex is down 627 points at 49,509.15. 19 out of 30 stocks included in the index declined. HDFC and HDFC Bank shares declined the most by 4-4%. The Nifty is also down 154 points at 14,690.70. Tata Steel shares rose 2% in this. Earlier, the market recorded a rise of two consecutive days.

According to Vinod Nair, head of research, Geojit Financial Services, the domestic market also suffered a break for two consecutive days due to the fall in the stock markets around the world. Investors sold in the stock market there due to increase in US bond yield. Due to this trend, the Asian markets also declined, including the Indian stock market. The decline led private banking stocks. The midcap and smallcap stocks closed positive.

According to S Ranganathan, head of research, LKP Securities, HDFC Bank and HDFC shares booked profit, which means that investors made profits by selling the shares at a higher price. Similarly, shares of IT sector also declined. On the other hand, investors bought cement and real estate shares. Similarly, there were purchases in government banking and select pharma stocks.

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Investors sell the most shares in the IT and banking sectors. Due to the fall, the Nifty Bank Index has come down by 571 points to 33,303.90. Similarly, the IT index has also closed down 266 points. In the morning, the Sensex was down 87 points at 50,049.12 and the Nifty was up 33 points at 14,811.85.

The BSE traded 3,079 shares, with 1,396 shares closing up and 1,486 shares closing down. The total market cap of the companies listed on the exchange has gone up to Rs 204.28 lakh crore as against Rs 204.81 lakh crore yesterday.

Slight decline in Asian markets

• Hong Kong’s Hangseng index has fallen 206 points to 28,366.
• China’s Shanghai Composite closed down 14 points at 3,441.
• Japan’s Nikkei index has fallen 225 points to 29,207.
• Korea’s Cospi index and Australia’s All Ordinaries index have closed flat.
• US market declines

US stock markets declined due to selling in technology stocks. The Dow Jones index was down 104.41 points to close at 33,067. The Nasdaq index fell 14 points to close at 13,045 points. Similarly, the S&P 500 index has also slipped 12 points to 3,958 points. Earlier, the European market grew by 1–1%, including the share markets of France, Britain and Germany.

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Shopping in the market for the second consecutive day
On March 30, the stock market witnessed a strong buying for the second consecutive day. The BSE Sensex was up 1128 points at 50,136.58 and the NSE Nifty was up 337 points at 14,845.10. Foreign institutional investors (FIIs) bought shares worth Rs 769.47 crore and domestic institutional investors (DIIs) bought shares worth Rs 2181.01 crore, according to provisional data from the NSE.