Mumbai: The stock markets continued to fall for the third consecutive trading session on Tuesday. The Bombay Stock Exchange’s Sensex lost 82 points in very volatile trading. Investors are concerned about the effects of the corona virus on the global economy, causing market volatility.
Mauritius has been put on the ‘gray list’ by the Financial Action Task Force (FATF). Due to this, the market fell heavily on Monday. However, the Securities and Exchange Board of India (SEBI) on Tuesday clarified that Mauritius foreign investors will remain eligible for FPI registration. However, their monitoring will be increased.
The 30-share Sensex of the Bombay Stock Exchange ended the day at 40,281.20, a loss of 82.03 points, or 0.20 percent, after trading up 300 points during the day. Similarly, the National Stock Exchange’s Nifty lost 31.50 points or 0.27 percent to 11,797.90 points.
Among the Sensex companies, Sun Pharma’s share fell the most by 2.37 percent. Shares of HCL Tech, Reliance Industries, IndusInd Bank and L&T also lost. On the other hand, TCS shares rose 1.98 percent. Tata Steel, Bharti Airtel, SBI and Hindustan Unilever also benefited.
Foreign portfolio investors sold shares worth a net Rs 1,160.90 crore on Monday, as per provisional data from the stock markets. Among other Asian markets, China’s Shanghai Composite, Japan’s Nikki were at a disadvantage. South Korea’s Kospi and Hong Kong’s Hang Seng were in profit. European markets were at a loss in early trade. Meanwhile, Brent crude oil futures lost 0.16 percent to $ 55.68 a barrel. The rupee was up nine paise to 71.86 against the dollar during day trading in the inter-bank foreign exchange market.