Stock Market Closed: Major indices fell due to selling pressure, stock market in decline amid negative signals, know the condition of Sensex and Nifty.
Mumbai. Major indices remained in decline due to selling pressure in banking and IT sectors in the domestic stock markets amid negative signals from abroad. BSE’s 30-share sensitive index Sensex fell 416.72 points (0.54 percent) to close at 76,886 points. The Nifty-50 index of the National Stock Exchange also closed at 23,995.70, down 97 points or 0.40 percent. Investment sentiment has also been affected by the fall of more than 40 paise in the rupee against the dollar.
Unlike big companies, there was a rise in the indices of small and medium companies. Nifty Midcap-50 index closed up 0.26 percent and Smallcap-100 index closed up 0.42 percent. The banking, finance, IT and auto sectors were most stressed. Indices of oil and gas, metals and chemicals groups remained in the green. Among Sensex companies, shares of Axis Bank, HCL Technologies, IndiGo and Maruti Suzuki fell by more than two and a half percent.
State Bank of India, ICICI Bank, Hindustan Unilever and UltraTech Cement declined by one and a half to two percent. Shares of Infosys and Asian Paints fell by one to one and a half percent. Shares of HDFC Bank, NTPC, PowerGrid, Eternal, Mahindra & Mahindra and Titan also remained in the red. Reliance Industries and Bharti Airtel were up around one and a half percent. Shares of Tech Mahindra, Sun Pharma, Tata Steel, Bajaj Finserv and Adani Ports also remained up.
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