Share Market Closing Bell! Sensex ends 125.27 points lower at 59,015.89; Nifty slips 44.35 points to 17,585.15
The Indian markets snapped two days record high closing to end negative on Friday as Sensex lost over 100 points and Nifty closed below 17600-mark. The decline was mainly led by metal stocks, followed by pharma and information and technology stocks at the close today.
The Indian markets snapped two days’ record high closing to end negative on Friday as Sensex lost over 100 points and Nifty closed below 17600-mark. The decline was mainly led by metal stocks, followed by pharma and information and technology stocks at the close today.
The BSE Sensex jumped over 476 points or 0.82 per cent to 58,723.2, while Nifty50 slipped near 45 points or 0.25 per cent to 17,585.15 levels. The mid-cap index following the suite of benchmarks too tumbled almost 400 points or 1.3 per cent to 29899.40 levels.
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Holding the market today from further fall, Nifty Bank continued its gaining streak by over 0.38 per cent or 143.35 points to end near record closing high of 37811.95, led by Kotak and HDFC Bank.
Out of 50 scrips on Nifty50, 15 advanced, 34 declined and Britannia remained unchanged at the market close today. Banking stocks such as Kotak Mahindra Bank jumped most by around 5.5 per cent, followed by HDFC Bank up around 2 per cent, while Bharti Airtel closed 1.5 per cent higher.
Auto stocks such as Eicher Motors, Maruti Suzuki gained over 1 per cent at the market close, while Axis Bank, SBI Life, Nestle India each gained over 1 per cent in otherwise negative market.
Tata Steel and Coal India each fell by around 3.5 per cent, dragging most the market at close, followed by state-owned bank SBI slumped over 2.5 per cent. Stocks such as Hindalco, TCS, UPL Reliance Industries, Sun Pharma, HDFC Life, Tata Motors, HUL each cracked between 1-2 per cent.
The majority of the sectoral indices ended in the red except for banking and financial stocks. Nifty Financial Services gained most by 0.65 per cent, followed by Nifty Bank. While Nifty Media powered most to the mid and small-cap index as it surged around 1 per cent in negative market today.
While Nifty Metal lead the benchmark’s fall, followed by pharma and IT, whereas Nifty PSU bank slumped around 3 per cent today at close after over 5 per cent surge during yesterday’s trade
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