Stock Market Closed: Fall in stock markets for the second consecutive day, Sensex-Nifty suffered minor losses.
Mumbai. Under pressure from auto, banking and IT sectors, domestic stock markets witnessed their second consecutive decline on Thursday and BSE Sensex fell by more than one percent. The Sensex fell 852.49 points (1.09 percent) to close at 77,664. The Nifty-50 index of the National Stock Exchange was down 205.05 points or 0.84 percent at 24,173.05 points.
This is the lowest level of both the indices in 10 days after April 13. There was buying in small companies in the morning trade, but later selling dominated there too. In the macro market, Nifty Midcap-50 index was down 0.71 percent and Smallcap-100 index was down 0.67 percent.
Auto, banking, finance, IT and consumer durables groups were most under pressure. Indices of metal and oil and gas groups also remained in the red. At the same time, there was buying momentum in pharma, health and media groups. Among Sensex companies, Trent’s share fell by about 4.25 percent. There was a decline of 3.25 percent in Mahindra & Mahindra, about 3 percent in Bajaj Finserv and Tech Mahindra and more than 2 percent in Infosys.
Shares of HDFC Bank, Asian Paints, Kotak Mahindra Bank, Bajaj Finance, Indigo, ICICI Bank, Reliance Industries, Maruti Suzuki and Eternal slipped by one to two per cent. Tata Steel, State Bank of India, NTPC, Axis Bank, HCL Technologies, TCS, UltraTech Cement and Titan also declined. Adani Ports shares closed up almost one percent. Shares of L&T, Sun Pharma, Bharti Airtel and BEL also gained.
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