Mumbai: On the fourth trading day of the week i.e. Thursday, selling in the Indian stock market dominates. In early trade, the Sensex has fallen by 350 points to below 38,300 points.Talking about the Nifty, then with the weakness of 90 points, it has reached below 11,350. During this period, the biggest decline has been recorded in ICICI Bank shares.
Private sector ICICI Bank shares have fallen by more than 2 percent. Let us tell you that on Wednesday, the stock price of the bank rose by 1.34 percent. Actually, People’s Bank of China has bought a stake in ICICI Bank. This stake has been purchased in ICICI Bank’s recently closed QIP issue of Rs 15,000 crore. After this news, there was an edge. Along with this, shares of Kotak Bank, IndusInd Bank, HDFC Bank, SBI and Axis Bank were also sold.
During the initial trading, Reliance shares are also seen sluggish. Reliance shares were seen trading down by almost 1 per cent. Earlier on Wednesday, the company’s stock had seen an increase. The BSE Sensex closed up 86 points at the end of trading. During Sensex trading, it had reached 38,788.51 points at one time, but finally it stopped at 38,615 points. At the same time, the Nifty also closed at 11,408 points with an increase of 23.05 points i.e. 0.20 percent.
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