MUMBAI: The domestic stock market has witnessed heavy selling amid weak global cues. Today, the business saw a downward trend throughout the day. There has been selling in all major sectors including banks and financials. All 12 stocks of Nifty Bank have closed in red mark. In this weakness, the Nifty has weakened to the level of 11350.
The Sensex has a weakness of about 634 points and has closed at the level of 38,357.18. At the same time, the Nifty also closed at the level of 11352 with a weakness of 176 points. Talking about global signs, the Dow Jones fell by more than 800 points on Thursday. Other indices also weakened. Today there is a sale in Asian markets too.
In today’s trade, 28 stocks of Sensex 30 have closed in red mark. Bank and financial stocks have been the biggest weakness. Axis Bank, Tata Steel, NTPC, Airtel, SBI, Sun Pharma and ITC are the top losers. Maruti and TCS have closed in the green mark. All the major 11 indices have also closed in the red mark on the Nifty. Bank and financial index has been 2 percent and 1.72 percent weak. FMCG, pharma and IT index have also lost up to 1.7 per cent. The metal index has weakened more than 2.5 percent. Realty is also down by more than 2 percent. Auto index has weakened by half a percent.
