Domestic stock market started with a strong momentum amid strong global cues. However, later the market declined from the upper levels. In early trade, the Nifty had crossed 12000 today. At present, the market was closed. Other than bank shares, financial stocks were subsequently sold, which increased the pressure. However, IT and pharma stocks took over the market. In today’s trade, the Sensex gained nearly 84 points to close at 40,593.80. At the same time, the Nifty gained 17 points and closed at the level of 11931. After the delisting of Vedanta, the stock fell by 23 per cent. ITC and Iphosis were the top gainers today. Talking about global signals, Asia has been growing, while on Friday, all three major US markets closed strong.
In today’s business, 19 out of 30 stocks of Sensex have seen a boom. ITC, Infosys, Asian Paints, HCL Tech, Maruti and Powergrid have been the top gainers today. At the same time, Airtel, HDFC Bank, IndusInd Bank, Bajaj Auto and Nestle India are today’s top losers. 8 of the 11 major indices on the Nifty have closed in red. Bank and financial indices have fallen by more than half a percent. The IT index is up more than 1.5 percent and the pharma index is up about 1 percent. The realty index has fallen by 1 percent. The metal and auto index has been more than half a percent weak. The FMCG index has closed in the green mark.
