Stock markets fall for 2nd day amid soaring Middle East tensions
Mumbai, Jun 18 (PTI): Benchmark indices Sensex and Nifty closed lower on Wednesday as soaring tensions in the Middle East and caution ahead of the US Fed interest rate decision hit investor sentiment.
Surrendering its early gains, the 30-share BSE Sensex declined by 138.64 points or 0.17 per cent to close at 81,444.66. After a weak opening, the index hit a high of 81,858.97 in morning deals but failed to hold onto gains later. The barometer dipped 346.29 points or 0.42 per cent to hit a low of 81,237.01.
The 50-share NSE Nifty edged lower by 41.35 points or 0.17 per cent to settle at 24,812.05, marking its second day of losses.
Among Sensex firms, Tata Consultancy Services, Adani Ports, Hindustan Unilever, Nestle, Bajaj Finserv and NTPC were the laggards.
IndusInd Bank, Titan, Mahindra & Mahindra and Maruti were among the biggest gainers.
"The domestic market failed to maintain the opening gains as the continuing tensions in the Middle East & volatility in oil prices dragged the overall sentiment. However, auto and consumer discretionary gained in expectations of a demand revival,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
Israeli warplanes pounded Iran's capital overnight and into Wednesday as Iran launched a small barrage of missiles at Israel with no reports of casualties.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,482.77 crore on Tuesday, according to exchange data. Domestic Institutional Investors (DIIs) also bought equities worth Rs 8,207.19 crore in the previous trade.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index settled in the positive territory while Hong Kong's Hang Seng ended lower.
European markets were trading in the positive zone.
US markets ended lower on Tuesday.
Global oil benchmark Brent crude dropped 1.35 per cent to USD 75.42 a barrel.
On Tuesday, the Sensex declined 212.85 points or 0.26 per cent to settle at 81,583.30. The Nifty dropped 93.10 points or 0.37 per cent to 24,853.40.
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Bihar hooch tragedy toll rises to nine as three more persons die
Motihari (PTI): The toll in the hooch tragedy in Bihar's East Champaran district rose to nine on Sunday after three more people who had consumed spurious liquor died, officials said.
The first death was reported on Thursday, they said.
A total of 15 people have been arrested in connection with the deaths in the Turkauliya and Raghunathpur areas of Motihari, District Magistrate Saurabh Jorwal said.
A case of murder has already been registered on the basis of complaints filed by the family members of the deceased, police said.
Jorwal said one person is still in the hospital and his condition is reported to be critical.
"Seven persons have already been discharged after treatment," he told PTI.
"The bodies of the deceased have been sent for post-mortem examination. The exact cause of the deaths can only be known after the reports arrive," he said.
The SHO of Turkauliya police station has already been suspended on charge of dereliction of duty, and a special investigation team has been constituted to probe the incident, officials said.
The deaths have led to a political slugfest in the state, where the sale and consumption of alcohol has been banned since 2016.
