Stock Market Closed: Stock market fell after the rise, fell after rising by 210 points in trading
Mumbai. Domestic stock markets witnessed a decline on Wednesday after an initial rise and major indices closed in decline for the third consecutive day. BSE’s 30-share sensitive index Sensex, after rising by 210 points in morning trade, finally fell 120.21 points (0.14 per cent) to close at 84,559.65 points. The Nifty-50 index of the National Stock Exchange (NSE) also closed at 25,818.55, down 41.55 points or 0.16 percent. This is the lowest level of both the major indices since December 10. There was more decline in medium and small companies.
Nifty Midcap-50 index slipped 0.63 percent and Smallcap-100 index slipped 0.73 percent. Consumer durables, realty, chemicals, media, private banks and FMCG sectors witnessed major decline. At the same time, there was growth in public sector banks, IT and metal sectors. Shares of a total of 3,224 companies were traded in NSE. Of these, shares of 2,083 rose and 1,054 fell, while shares of other 87 companies finally closed unchanged after day-long fluctuations.
Out of 30 Sensex companies, 18 had a rise and 12 had a fall. State Bank of India shares gained 1.51 percent. Shares of Sun Pharma, Infosys, TCS, Axis Bank and Bharti Airtel also closed strongly. Trent shares fell 1.61 percent. HDFC Bank declined by 0.99 percent and ICICI Bank declined by 0.96 percent.
Shares of Adani Ports, Bajaj Finserv, BEL, Titan, ITC and Kotak Mahindra Bank also closed in the red. Globally, China’s Shanghai Composite closed with a gain of 1.19 percent, Hong Kong’s Hang Seng gained 0.92 percent and Japan’s Nikkei closed with a gain of 0.26 percent. In early trade in European markets, Germany’s DAX was down 0.04 percent while Britain’s FTSE was up 1.51 percent.
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