Mumbai: The domestic stock market has been weak amid weak global cues. The Sensex and the Nifty saw a sell-off on Weekly Expiry. Bank and financial shares witnessed sharp decline. Pressure has been seen in almost every sector except metal, media and pharma. The Sensex has lost 394 points and closed at a level of 38,220.39. At the same time, the Nifty has also closed at the level of 11,309.60 with a weakness of about 99 points. HDFC and ICICI Bank saw the most weakness, while NTPC closed around 7 percent stronger. Earlier on Wednesday, the stock market closed in the circle. Talking about global signs, weak signals are seen from there. The Dow Jones slipped 85 points in yesterday’s trade. The S&P 500 and Nasdaq also closed after weakening from record highs. Today Asian markets are also under pressure.
In today’s trade, 25 stocks of Sensex 30 have closed in the red mark. HDFC, Axis Bank, ICICI Bank, Airtel, Mahindra & Mahindra and IndusInd Bank are today’s top losers. At the same time, NTPC, ONGC, PowerGrid, Tata Steel and HCL Tech are today’s top gainers. In the major 11 indexes on the Nifty, 7 indexes have closed in red mark. There is a 1 percent rise in the metal index and a slight increase in the realty and pharma index. Banks and financial indices are seeing a decline of over 1.3 percent. Auto, FMCG and IT index have also closed weakly.
