BusinessAfter two days of rally, the stock market fell, Sensex fell 709...

After two days of rally, the stock market fell, Sensex fell 709 points

Mumbai, June 22 (Agency)

After the rally in the last two trading sessions, the domestic stock markets fell heavily on Wednesday and the BSE Sensex closed with a loss of 709 points. The market declined due to a weak trend in global markets and frequent outflow of foreign investors. The 30-share BSE Sensex closed at 51,822.53 points, down 709.54 points, or 1.35 per cent. It had fallen to 792.09 points during trading. Similarly, the Nifty of the National Stock Exchange also closed at 15,413.30, down 225.50 points, or 1.44 per cent. Tata Steel, Wipro, Reliance Industries, IndusInd Bank, HCL Technologies, Bajaj Finserv, Titan and Bajaj Finance were the main losers in Sensex stocks. On the other hand, shares of TCS, HUL, PowerGrid and Maruti Suzuki India closed with gains. In other Asian markets, Japan’s Nikkei, South Korea’s Kospi, Hong Kong’s Hang Seng index and China’s Shanghai Composite closed lower. European markets also declined during afternoon trade. While the US stock markets closed with gains on Tuesday.

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