Market closes with declines

stock market news


On the occasion of Dhanteras in the Mumbai-market, there was a lot of excitement. The Nifty dived to 10,477 while the Sensex was broken up to 34,811.6. However, the BSE 30-share index Sensex fell 61 points, or 0.2 percent, to close at 35,951. On the other hand, NSE’s 50-share index Nifty closed at 295, i.e. 0.25 percent, at 10,524 level.

There is also pressure in mid-caps and smallcap stocks. BSE’s mid-cap index has fallen 0.5 percent, while the mid-cap index of the Nifty has come down by 0.5 percent. BSE’s smallcap index closed down 0.3 percent.

Pharma, private banks, media, FMCG, auto, capital goods, there has been selling consumer Dyurebls, Power and Oil & Gas shares. Bank Nifty closed at 25,748 level with an increase of 0.2 percent. Today, purchases are seen in PSU banks, realty and IT shares.

Cipla, IOC, Indiabulls Housing, IndusInd Bank, BPCL, NTPC, Power Grid, ONGC and Hero Moto have been closed down by 7.3-1.5 per cent in the giants. However, SBI, Axis Bank, UPL, Wipro, HCL Tech, Reliance Industries and Bajaj Auto climbed 3.4-1 per cent in the giants.

Sun TVs, Adani Enterprises, GSK Pharma, SAIL and Reliance Infra have been down 6.9-4.2 per cent in mid-cap stocks. However, NBCC, Ramco Cement, Union Bank, JSW Energy and Torrent Power in mid-cap stocks have climbed 6.2-3.5 per cent. Small distilleries, Venkies, Indian International, Kaya and Kirloskar Brothers in smallcap stocks have been broken down to 16.3-8.2 per cent.