The domestic stock market saw a sell-off amid weak global cues. The Sensex and the Nifty both closed weakly amid trade fluctuations. Although auto stocks tried to stop the decline, selling pressure in pharma stocks increased the pressure. In today’s business, there has been a mixed trend between banks and financial stocks. The Sensex has fallen by about 37 points and closed at a level of 38,369.63. At the same time, the Nifty also lost 14 points and closed at 11,308.55 levels near 11,300. There is more pressure on the metal and pharma sector. Let me tell you that on Tuesday, market sentiments were looking better with the approval of the Kovid 19 vaccine in Russia and the Sensex and Nifty closed strong. Talking about global signals, there was a weakness in the US market on Tuesday. Today, selling was also seen in Asian markets.
In today’s trade, 23 stocks of Sensex 30 have closed in the green mark. The top gainers include HCL Tech, SBI, Tech Mahindra, Maruti, PowerGrid and NTPC. The top losers are HUL, Bajaj Finance, Bajaj Finserv, Sun Pharma and Kotak Bank. In the major 11 indices on the Nifty, 6 indexes have closed in red mark. The pharma index fell about 1.5 percent. The metal index is down more than half a percent. At the same time, the auto index was up about 2 percent. The PSU bank index is also up 2.5 percent.
