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Stock markets fall for the second consecutive day, Sensex falls 85 points

Mumbai, May 2 (PTI) Domestic stock markets fell for the second consecutive trading session on Monday as stocks of big companies like Infosys and Reliance Industries fell amid a negative trend globally.

The 30-share Sensex ended at 56,975.99, down 84.88 points, or 0.15 per cent, after recovering somewhat from a heavy fall during trading. During the day’s trading, the Sensex had come down by 648.25 points or 1.13 percent at one time.

The Nifty of the National Stock Exchange also closed at 17,069.10, down 33.45 points, or 0.20 per cent.

In the Sensex stocks, Titan, Wipro, Tech Mahindra, Infosys, Maruti, Asian Paints, Larsen & Toubro and SBI were the main losers.

On the other hand, IndusInd Bank, NTPC, PowerGrid, Tata Steel, HDFC and ITC were among the gainers.

In other Asian markets, South Korea’s Cospi fell while Hong Kong’s Hang Seng and China’s Shanghai Composite were closed.

Major markets in Europe fell in afternoon trade and US stock markets closed marginally lower on Friday.

Meanwhile, international oil benchmark Brent crude fell 2.61 per cent to $104.3 per barrel.

Foreign institutional investors (FIIs) sold shares worth Rs 3,648.30 crore on Friday after buying on Thursday, according to stock market data.

The market will remain closed on Tuesday on the occasion of Eid-ul-Fitr.

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