On Thursday, the stock market started with a huge fall, at 3.30 pm the market remained on the red mark, in the morning the stock market fell by 1000 points, while at 3.30 pm the Sensex also closed at 79,218 with a fall of 964 points. While Nifty fell by 236 points and closed at 23,961 points.
The market declined for the fourth consecutive day
Market sentiment weakened due to poor global cues and the market closed with losses for the fourth consecutive day. Sensex, Nifty closed down by more than 1%. However, midcaps and smallcaps have closed in the red with recovery. Selling was seen in IT, banking, metal stocks, while realty, PSE, FMCG stocks remained under pressure. There was buying in pharma stocks and the index closed more than 1.5% higher. Meanwhile, the rupee closed at a record low level.
Huge decline in all sectors except pharma
According to reports, during today's trading the session ended with a huge decline in all sectors except Pharma. The biggest decline was seen in Nifty IT, Nifty Auto and Bank Nifty. There was a decline of about 2 percent. The biggest losers in Sensex and Nifty were Asian Paints, Bajaj Finance and Bajaj Finserv, while Dr Reddy's, Sun Pharma and Cipla were the best performers.
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