Stock Market Closed: Selling dominates the stock markets, Sensex slips 356 points, Nifty closes at 50 points
Mumbai. Selling in the domestic stock markets was dominated on Thursday due to the ongoing depreciation of the rupee and BSE’s 30-share sensitive index Sensex fell 356.24 points (0.42 percent) to close at 85,052.46 points. The Nifty-50 index of the National Stock Exchange was also down by 99.80 points or 0.38 percent at 26,042.30 points. This is the second consecutive day when the market has been in decline.
The pressure of weakening rupee against the dollar was also seen on the stock markets. Selling also dominated in medium and small companies. Nifty Midcap-50 index slipped 0.38 percent. Smallcap-100 index also fell 0.08 percent. Indices of IT, auto, media, health and pharma groups closed down. Metals and consumer durables sectors remained bullish.
Among Sensex companies, shares of Bajaj Finance and Asian Paints fell by about one and a half percent. Shares of TCS, Eternal, Sun Pharma and Tech Mahindra also fell more than one percent. PowerGrid, Bharti Airtel, Bajaj Finserv, Maruti Suzuki, HCL Technologies, ICICI Bank, ATC, Adani Ports and Tata Steel also declined. Titan shares rose more than two percent. NTPC, UltraTech Cement and Hindustan Unilever also gained momentum.
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