Sensex falls for fourth straight day, closes below 29,000 mark
xtending losses for the fourth straight day, the benchmark BSE Sensex today fell over 117 points to slip below the 29,000-mark
Mumbai: Extending losses for the fourth straight day, the benchmark BSE Sensex today fell over 117 points to slip below the 29,000-mark after nearly two weeks as funds and retail investors indulged in profit-booking amid mixed global cues.
Major losers that pulled down the Sensex and Nifty were Axis bank, BHEL, SBI, L&T, Tata Motors, TCS, Maruti, Hindustan Unilver, RIL, and Bharti Airtel.
The 30-share index has lost 798.66 points in the last four sessions.
Similarly, the National Stock Exchange index Nifty slipped by 32.85 points, or 0.38 per cent, to close at
8,723.70. It hovered in a range of 8,792.85 and 8,704.40.
Sectorwise, the BSE Banking index fell by 1.23 percent as RBI kept interest rates unchanged.
In other sectoral indices, BSE capital goods index fell 1.88 percent, followed by power (1.14 percent), consumer durable (1.12 percent), auto (1.09 percent), FMCG (0.51 percent) and IT (0.20 percent).
In the 30-share Sensex constituents, 16 ended lower and 14 closed with gains, helping the benchmark indices trim losses.
Brokers said sustained selling by participants in bluechip stocks and a lower opening in European markets and mixed trend in other Asian markets led to the fall.
Meanwhile, Foreign Portfolio Investors sold shares worth a net Rs 264.35 crore yesterday.
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Even though YES Bank had sell orders in the Rs 14.60 to Rs 14.80 range on the Bombay Stock Exchange, it had no buyers.
YES Bank FPO: Here’s how to check your allotment status; offer had received 93% subscription on last day of bidding
In its prospectus, YES Bank has mentioned that the funds raised via FPO will be used for growth and expansion.
EPFO provisional data reveals 3.18 lakh new enrolments in May, up from one lakh recorded during April 2020
The net new enrolments with the EPFO hover around 7 lakh every month on an average. It had had dropped to 5.72 lakh in March 2020 from 10.21 lakh in Feb