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Stock market | Sensex fell more than 430 points, Nifty slipped below 18,000

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Mumbai The BSE Sensex fell more than 430 points on Tuesday as investors booked gains in bank and financial stocks. Investors made gains after a rally in the previous trading session. According to traders, investors’ attention has again turned to the Russo-Ukraine war and rising oil prices. The 30-stock BSE benchmark Sensex closed 435.24 points, or 0.72%, lower at 60,176.50. Similarly, the Nifty on the National Stock Exchange fell 96 points, or 0.53 per cent, to close at 17,957.40.

Among the Sensex stocks, HDFC Bank was the biggest loser. Bajaj Finserv, HDFC, Kotak Bank, IndusInd Bank, Bajaj Finance and Reliance Industries also declined. Profiteers, on the other hand, include NTPC, Powergrid, ITC, Titan, TCS and Nestle India. Which saw an increase of up to 3.40 per cent. Out of 30 Sensex stocks, 17 were in loss. Bank and financial indices were the biggest losers at 1.33 per cent. The power segment, on the other hand, grew by 3.38 per cent.

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Other Asian markets include Shanghai Composite of China, Hang Seng of Hong Kong, Nikkei of Japan and Kospi of South Korea. Europe’s major markets were on a downtrend in the afternoon trade. International oil benchmark Brent crude rose 1.59 percent to 9 109.24 a barrel. Investors are watching activities related to Ukraine. There is speculation that Russia could face tougher economic sanctions. Foreign institutional investors (FIIs) traded higher by Rs. More than Rs 1,150 crore net was deposited, according to stock market data. (Agency)

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