Market closed in red mark! Expiry pressure broke the spirit of investors, Sensex fell by 250 points.

Share Market Highlights: The Indian stock market closed in the red in Thursday’s trading session. At the end of the day, Sensex was down 250.48 points or 0.30 per cent at 83,627.69 and Nifty was at 25,732.30, down 57.95 points or 0.22 per cent. PSU banks did the work of managing the market. Nifty PSU Bank closed with gains of 0.78 percent, Nifty Media 0.76 percent, Nifty IT 0.65 percent, Nifty Services 0.36 percent, Nifty Metal 0.35 percent and Nifty Financial Services 0.25 percent.

On the other hand, Nifty Infra closed down by 1.14 percent, Nifty India Defense by 1.09 percent, Nifty Consumer Durables by 0.89 percent, Nifty Realty by 0.62 percent and Nifty Pharma by 0.47 percent.

Today’s Top Gainers and Losers

There was mixed trading in midcap and smallcap. The Nifty Midcap 100 index was at 59,597.80, up 119.30 points or 0.20 per cent and the Nifty Smallcap 100 index was at 17,295.80, up 102.50 points or 0.60 per cent. Eternal, Tech Mahindra, ICICI Bank, SBI, TCS, Bajaj Finserv, Infosys, NTPC, HDFC Bank and Power Grid were the gainers in the Sensex pack. Trent, L&T, IndiGo, Maruti Suzuki, ITC, BEL, Axis Bank, Bharti Airtel, HUL, M&M, UltraTech Cement, Sun Pharma, Asian Paints and Tata Steel were among the losers.

Reason for decline in stock market

Market watchers said domestic equities fell on fresh concerns over possible US tariffs on countries that trade with Iran, fading early hopes boosted by positive statements on the trade deal from the newly appointed US ambassador. He further said that investor sentiment remained cautious amid rupee weakness, rising crude oil prices, high US bond yields and continued FII outflows.

Good growth in small cap stocks

Experts further said that the good thing is that India’s December CPI remained in the target range of RBI, which strengthened the expectations of future rate cuts. However, the third quarter earnings season got off to a slow start, with results from a major IT company falling short of expectations. Profit booking was seen in most sectors, although small-cap stocks saw good gains.

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The stock market opened with a boom

indian stock market It started with a bang. Around 9.20 am, the 30-share BSE Sensex was trading at 84,156, up 278 points or 0.33 per cent, while the Nifty was at 25,872, up 82 points or 0.32 per cent in early trade.