MUMBAI: The rally in the stock markets from the last five trading sessions ended on Wednesday and the BSE Sensex closed with a slight decline of 59 points. Investors’ IT, daily-use goods companies and financial companies saw profit-booking in the stock markets, amid a weak trend globally.
The 30-share Sensex lost 58.81 points, or 0.16 percent, to close at 37,871.52 points in volatile trading. Similarly, the Nifty of the National Stock Exchange closed down 29.65 points, or 0.27 per cent, at 11,132.60 points. HUL was the biggest loser among Sensex stocks. It declined by 3.06 percent.
According to the company’s financial results released on Tuesday, its integrated net profit increased 5.68 percent to Rs 1,897 crore in the June quarter. The company also said that the Covid-19 is expected to fluctuate in one or two quarters in the midst of the crisis, besides Tata Steel, Infosys, Maruti, IndusInd Bank, L&T, Asian Paints and TCS up 2.51 per cent. Broken. On the other hand, Axis Bank, Titan, PowerGrid, ITC, NTPC and Reliance Industries were up 7.36 per cent. According to traders, with the stock-centric move, the market came down due to profit booking.
