Sensex down 323 points; Infosys, Reliance in loss


Mumbai, November 24 (Agency)

The BSE Sensex fell more than 323 points due to selling in the last hour of trading in the stock market on Wednesday. The market fell mainly due to losses in Infosys, Reliance and HDFC. The 30-share Sensex was in the lead for most of the time during trading. But in the end, it closed at 58,340.99, down 323.34 points, or 0.55 percent, due to selling pressure. The Nifty of the National Stock Exchange also closed at 17,415.05, down 88.30 points, or 0.5 percent. Maruti, Infosys, Tech Mahindra, ITC, Reliance, L&T, UltraTech Cement and HDFC were the top losers up to 2.62 per cent in Sensex stocks. On the other hand, the gainers include ICICI Bank, NTPC, Kotak Bank, Bajaj Finance and PowerGrid. Out of 30 Sensex stocks, 22 were in losses. Other markets in Asia also declined. The fall came on the back of volatility in global prices due to rising bond yields in the US and measures taken to reduce crude oil prices in the US and other countries. Foreign institutional investors sold shares worth a net Rs 4,477.06 crore on Tuesday, according to stock market data.



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