Stock market remained sluggish on the day of expiry, Nifty-Sensex closed in the red; Auto-metal boom
Share Market Highlights: The Indian stock market closed flat in the trading session today (30 December). At the end of the day, Sensex was down by 20.46 points at 84,675.08 and Nifty was down by 3.25 points at 25,938.85. Banking stocks managed the market. Nifty Bank closed at 59,171.25 with a gain of 0.41 percent. Apart from this, rise was seen in auto, PSU bank and metal shares.
On the other hand, IT, Pharma, FMCG, Realty, Media and Energy indices closed in the red. Smallcap and midcap also traded with slight losses. The Nifty Midcap 100 index closed at 59,914.25, down 0.15 per cent or 87.05 points, and the Nifty Smallcap 100 index closed at 17,518.95, down 0.28 per cent or 48.75 points.
Today’s Top Gainers and Losers
Tata Steel, M&M, Bajaj Finserv, Axis Bank, Bharti Airtel, SBI, L&T, Maruti Suzuki, Adani Ports and Sun Pharma were the gainers in the Sensex pack. Eternal (Zomato), Indigo, Infosys, Asian Paints, UltraTech Cement, Bajaj Finance, HCL Tech, ITC, Titan and Trent were the losers. Weakness remains in the broader market. 1,918 shares in the green on Bombay Stock Exchange (BSE); 2,260 shares closed in the red and 169 shares closed without any change.
Awaiting third quarter results
Market experts said that fluctuations continue in the domestic market. Despite the positive global environment, buying was seen only in a few selected sectors. There is pressure on the market due to continuous selling by FIIs. The market may trade in a limited range in the coming times. The reason for this is the delay in the outcome of trade talks between India and America and the wait for the third quarter results.
The business was started in the red mark
The Indian stock market started with a decline. During the initial trading session around 9:25 am, the 30-share BSE Sensex was trading at 84,559.40, down 136 points or 0.16 percent. While NSE Nifty was down 48.90 points or 0.19 percent at 25,893.20.
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How was the behavior of foreign investors?
in domestic stock market foreign institutional investors (FIIs) continue to be sellers. In the cash market, they made a net sale of about Rs 2,760 crore for the fifth consecutive day. If cash, index and stock futures are taken together, a net sale of around Rs 5,000 crore was recorded. On the contrary, domestic institutional investors bought in the market. DIIs remained buyers for the 85th consecutive day and invested Rs 2,644 crore in the market, which acted as a support for the market.
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