Mumbai: Domestic stock markets fell for the second consecutive day today due to selling in companies from metals, oil and gas and other sectors along with banking.
The BSE 30-share sensitive index Sensex fell by 337.78 points, or 0.68 percent, to 49,564.86 points amid negative signals from overseas. The National Stock Exchange’s Nifty also lost 124.10 points, or 0.83 per cent, to close at 14,906.05. On Wednesday too, the Sensex and Nifty were down more than half a percent.
After the ups and downs of trading, selling intensified in the last hour and a half. Companies in the metal, oil and gas and banking groups put the most pressure on the market.
Selling was lower in mid-sized companies while investors invested in smaller companies. The BSE midcap closed 0.16 percent down at 21,311.85 points. The smallcap index of small companies rose by 0.22 per cent to 22,980.48 points.
Sensex declined in 21 of the 30 companies. State-run oil and gas exploration company ONGC’s stock plunged 2.70 percent. In the ‘Tau Te’ storm, many of its vessels were trapped, in which more than six hundred people were on board. Some people also died in these.
SunPharma shares lost 2.36 percent and PowerGrid lost 2.03 percent. Axis Bank and HDFC Bank declined 1.51 percent. Bharti Airtel shares fell 1.44 percent and Kotak Mahindra Bank fell 1.28 percent.
