Sensex tumbled 311 points to 60692

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Mumbai: Due to the sudden visit of US President Biden to Ukraine and the dismantling of spying balls striking against Russia and China in countries including Ukraine, as well as the firing of two more ballistic missiles by North Korea in the East Coast, the global geopolitical tension is increasing again and on the other hand, the US. Sentiment in Indian stock markets continued to falter along with global markets on the backlash of a global recession, with the Federal Reserve on Wednesday reporting a continuation of interest rate hikes. The week began with a cautious offloading of funds.

Sensex's early recovery finally washed away, falling 311.03 points to 60691.54 as funds booked profits in banking-finance, consumer durables, oil-gas, healthcare, capital goods stocks against IT-software services, technology stocks along with select cement, auto stocks. And Nifty spot closed down 99.60 points to 17844.60.

In banking-finance stocks today, the BSE Bankex index fell 494.74 points to close at 46013.53 on profit booking by funds. AU Small Finance Bank fell by Rs.10.45 to Rs.603, Bank of Baroda fell by Rs.2.45 to Rs.164.30, Kotak Mahindra Bank fell by Rs.22.25 to Rs.1737.25, ICICI Bank by Rs.10. 15 decreased to Rs.852.10, State Bank of India decreased by Rs.5.80 to Rs.525.10, HDFC Bank decreased by Rs.16.50 to Rs.1639.80, Axis Bank decreased by Rs.8.05 to Rs.846. 55, Federal Bank fell by Rs.1 to Rs.126.05. Increasing offloading of funds, high net worth investors

Market breadth remained poor today as offloading of funds, high net worth investors into small, mid-cap, cash stocks increased with the growing doldrums in the market. Out of the total 3738 scrips traded in BSE, the number of gainers was 1391 and the number of decliners was 2178.

Sale of Khainj/Khainain for Rs.159 crore

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs were the net sellers today-Monday, net selling of shares worth Rs.158.95 crore in cash segment. A total of Rs.4415.57 crore was sold against a total purchase of Rs.4256.62 crore. While DII-domestic institutional investors made a net sale of Rs.86.23 crore. A total of Rs.4894.07 crore was sold against a total purchase of Rs.4980.30 crore.

Investors' wealth decreased by Rs.94 thousand crores

As a result of massive erosion in the stocks today, the aggregate market capitalization of the companies listed in the BSE, i.e. the wealth of the investors, fell by Rs. 94 thousand crores to Rs. 265.92 lakh crores in a single day.

Selective bullishness in auto stocks

There was a selective buying of funds in automobile stocks today. Motherson Sumi rose by Rs.2.35 to Rs.81.90, TVS Motor rose by Rs.29.30 to Rs.1133.55, Balakrishna Industries rose by Rs.37.70 to Rs.2061.05, Tube Investment rose by Rs.37.35. was Rs.2459.70.

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