Mumbai, January 27
IT amid weak global trends And the benchmark BSE Sensex fell 824 points to close at a seven-month low on Monday due to heavy selling in oil and gas stocks. BSE’s 30-share barometer closed down 824.29 points, or 1.08 per cent, at 75,366.17, with 23 stocks closing lower and seven with gains.
During the day the indicator moved between a high of 75,925.72 and a low of 75,267.59. The broad 50-share Nifty closed down 263.05 points, or 1.14 per cent, at 22,829.15. Today the stock market fell below the 23,000 level for the first time since June 6, 2024. Shares in the healthcare sector were the main losers as investor sentiment was weighed down by uncertainty over US trade policy.
US President Donald Trump announced a 25 percent tariff on Colombia after ships carrying deported migrants were stopped. The US reversed the decision after Colombia, a close US ally, agreed to take back the deported migrants.
Among the Sensex stocks, HCL Tech fell the most by 4.49 percent, followed by Zomato, Tech Mahindra, PowerGrid and Tata Motors. Shares of Infosys, Tata Steel, HDFC Bank, Reliance Industries and Bharti Airtel also fell, pushing the index above a seven-month low. –News-Patiala
