Mumbai: There has been a sell-off in the domestic stock market amid weak global cues. Both the Sensex and the Nifty have closed in the red mark in the business. The Nifty has weakened to the level of 15050. The Sensex has again closed below 51900. At the end of trading, the Sensex has a weakness of about 599 points and has closed at the level of 50,846. At the same time, the Nifty is also down 165 points and closed at the level of 15081.
Prior to this, there was a rapid rise in the stock market for three consecutive days. Today, banks and financial stocks have seen weakness in the business. There has also been pressure on metal and IT stocks. HDFC and HDFC Bank are among today’s top losers. While UltraTech Cement and Dr. Reddy’s are the top gainers of today. Talking about global cues, there was pressure on the US markets on Wednesday as bond yields increased. At the same time, selling has been seen in Asian markets.
Today, there has been a lot of selling in largecap stocks. 25 stocks of Sensex 30 closed down. The list of top losers includes HDFC, Bajaj Finserv, L&T, Axis Bank, HDFC Bank, SBI, ICICI Bank and NTPC. At the same time, UltraTech Cement, Dr. Reddy’s, Asian Paints, HUL and Maruti are in the list of top gainers.
