Domestic stock market started today with better global cues, but later the market dominated selling. Bank and FMCG shares increased the pressure the most. All indices except metal, IT and auto weakened. At the end of trading, the Sensex weakened by about 8 points and closed at 37,973.22. At the same time, there was a weakness of about 5 points in the Nifty and it closed at the level of 11222. Earlier on Monday, there was a strong boom in the stock market. In today’s business, UntraTech is the cement top gainer and ONGC is the top loser. Talking about global signals, the US markets were good on Monday. The Dow Jones gained 410.10 points, or 1.51 per cent, to close at 27,584. Today there has been a mixed trend in Asian markets.
20 stocks of Sensex 30 closed in red mark in today’s trading. The stocks which gained momentum were UltraTech Cement, TCS, Tata Steel, Titan Company, HDFC and RIL Top Gainers. At the same time, ONGC, IndusInd Bank, PowerGrid, Axis Bank, HCL Tech and NTPC were the top losers. At the same time, 8 indices in the Nifty’s 11 major indices were red-lighted. Auto, IT and metal index closed in the green mark. The metal index was up about 2 percent. Banks, FMCG and realty declined by more than 1 percent. The PSU Bank index closed down over 2 per cent. The financial and pharma index also dipped in the red mark.
