Mumbai: There has been a sharp sell-off in the domestic stock market amid mixed global signals. The beginning of the market was also weak, later the decline increased. In today’s business, Nifty has gone below 14650. At the end of trading, the Sensex has a weakness of 1145 points and has closed at the level of 49,744. It has weakened to the level of 49617 today.
At the same time, the Nifty has a weakness of 337 points and has closed at the level of 14644. Apart from IT, bank and financial stocks, there has been weakness in auto stocks, so buying in metal shares has been seen. The index of public sector bank shares has seen more than 2 percent weakness. Shares like Dr Reddy’s, Mahindra & Mahindra and Tech Mahindra have seen the most weakness. At the same time, ONGC has closed 1 percent stronger today. Talking about global signs, mixed signals have been seen in major Asian markets today. The Dow Jones closed strong on Friday.
In today’s trading, 27 stocks of Sensex 30 have been seen falling. Only 3 stocks have seen a boom. While 27 stocks have seen weakness. ONGC, Kotak Bank and HDFC Bank are today’s top gainers. At the same time, Mahindra & Mahindra, Tech Mahindra, Dr. Reddy’s, IndusInd Bank, Axis Bank, TCS, L&T and Reliance Industries are the top losers of today.
There was a sell-off in IT shares on 22 February. The index has lost nearly 3 percent on the Nifty. Tech Mahindra is down 4 percent. TCS and HCL Tech are down 3 per cent. Most stocks on the index have weakened.