The stock market lost its early lead and the Sensex ended with a loss of 203.28 points.

Stock Market: The domestic stock market closed lower on Monday, June 10, 2024, losing its early lead in the first trading session of the week due to mixed trade, global cues and sell-off in shares of IT companies. The Mumbai Stock Exchange (BSE) Sensex ended down 203.28 points, or 0.27 per cent, at 76,490. However, it rose 85.68 points to touch a new record high of 77,079.04 points in early trade. Meanwhile, the National Stock Exchange's (NSE) Nifty also fell by 30.95 points, or 0.13 per cent, to settle at 23,259.9 points in late trade. However, in early trade, the NSE Nifty also rose 121.75 points to settle at 23,411.90 points. Tech Mahindra, Infosys, Wipro, Bajaj Finance, Mahindra & Mahindra, HDFC Bank, HCL Technologies, Tata Consultancy Services, Coforge Ltd, Vedanta, Empasis are among the decliners due to decline in the domestic stock market. , Persistent , HDFC Bank and Vodafone Idea. At the same time, Ramco Cements, Zee Entertainment, Motherson, Aarti Industries, REC, Tata Steel, Canara Bank, Motilal Ozal, Godavari Power, Ultratech Cement, Power Grid, Nestlé, NTPC and Tata Steel were among the gainers. and print banks are involved. Biggest thing is that amid the fall in the market, around 3.35 crore Mphasis shares were traded on Monday in open market transactions on NSE at Rs. 3.3 crore Mphasis shares sold Around 3.35 crore shares of Mphasis were sold in open market transactions on NSE on Monday at Rs. 7,000 crore worth of deals were sold. Shares of the IT firm fell 4.82 percent to Rs 2,352.60 in intraday trade. It later closed with some improvement at Rs 2,398, three percent lower than the previous closing price. While the buyers and sellers of the shares could not be identified, initial reports suggest that BCP Topco, a subsidiary of US investment firm Blackstone, may be selling its stake. As of March 2024, BCP Topco-IX Private Limited holds 55.45 percent stake in Mphasis. On the National Stock Exchange (NSE), 3.35 crore shares were traded at an average price of Rs 2,379.75 per share. This brings the total amount to over Rs.7,000 crore. Also Read: 17th installment of PM Kisan Released, Check Your Account Talking about the rest of the world markets, Hong Kong's Hang Seng, Taiwan Waite and South Korea's Kospi showed bearish trends in Japan's Nikkei, China's Shanghai Composite and Jakarta's Jakarta Composite. In the global market, gold was trading at $2298.42 per ounce and on the Multi Commodity Exchange at Rs. 255 to Rs 71,086 per 10 grams. At the same time, crude oil strengthened at $75.66 per barrel in the international market, while Brent crude oil settled at $79.83 per barrel. Also Read: Tax rate between Pakistan and IMF, no consensus reached at meeting, stock market loses its early lead, Sensex ends 203.28 points down