Weakness has been witnessed in the stock market amid weak global signals and tension on the border between India and China. Both the Sensex and the Nifty have closed in the red mark. There were reports of firing on LAC between Indian and Chinese soldiers on Monday night. Since then, tension has increased in both countries. Currently, the Sensex has fallen by 171 points and closed at a level of 38,193.92. At the same time, the Nifty has a weakness of 39 points and it closed at 11278 level. Business and banks have seen weakness in financial stocks. Talking about global cues, there was a huge sell-off in major US markets on Tuesday due to selling in tech stocks. The Dow Jones lost 632 points, or 2.25 per cent. Weakness has been seen in Asian markets today.
In today’s trade, 18 stocks of Sensex 30 have closed in the red mark. Tata Steel, Reliance Industries, Sun Pharma, Bharti Airtel, Asian Paints and Nestle India have been the top gainers of today. At the same time, SBI, Bajaj Finserv, Axis Bank, ONGC, ITC and Bajaj Finance are the top losers. 8 of the 11 major indices on the Nifty have closed in red. There is a 2 percent weakness in the bank index. The financial index has also weakened 1.8 percent. FMCG, Realty and IT also closed in the red mark. There is a boom in auto, pharma and metal.
