Daily Archives: Thursday August 2nd, 2018

Market closes with declines


MUMBAI: Bad foreign signals also put pressure on the market on the second day, which led to a decline in the Sensex above 350 points, while the Nifty slipped below 11250. Bank stocks also saw heavy selling, which led to the closure of the bank nifty by more than 250 points.

At the end of the 30-share index, the BSE index index fell by 256 points, or 0.95 per cent, to level at 37,165.16 and the NSE’s 50-share index Nifty closed at 11,244.70 with 101.50 points, ie 0.89 per cent.

Among the biggest shares, Bharti Airtel, Maruti Suzuki, PNB, Kotak Mahindra Bank were among the biggest losers while Lupine, DRL, Power Grid, and HPCL saw the highest number of advances. Smallcap and mid-sized stocks are also sluggish between the lingering stocks of the giants today. The mid-cap index closed at 14,6057.60 with a marginal increase of 14 points i.e. 0.09 percent. At the same time, the BSE’s Smallcap Index closed at a level of 16639.81, with a slight increase of 0.07 percent.

Except for pharma and metal, all the important sectors have been forced to sell. BSE’s oil and gas index dropped 0.12 percent, while the telecom index fell 1.47 percent. Nifty’s auto index has dropped 1.4 percent, FMCG Index was 0.32 percent, IT index was down 0.86 percent, and realty index declined 1.66 percent.

However, some purchases were seen in pharma and metal stocks. Nifty’s pharma index was up 1.3 percent and metal index was up 0.23 percent. Banking has seen heavy selling, which led to the Bank Nifty closing 0.87% at 27,355.95.