Stock market rolled by touching the peak

BusinessStock market rolled by touching the peak

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Stock market rolled by touching the peak

MUMBAI: The impact of the global decline was also visible on the domestic stock markets today and after touching the all-time high in morning trade, the 30-share Sensex Sensex fell 189.45 points to 52,735.59 points and the National Stock Exchange’s Nifty 45.65 points. That is, 0.29 percent fell to 15,814.70 points.

The stock markets were open in the morning, but the IT and tech sector companies as well as the shares of giants like Reliance Industries went into the red mark shortly after selling. Earlier, the Sensex also reached a historical level of 53,126.73 points. Nifty also managed to reach a peak of 15,915.65 points in morning trade.

Investors showed confidence in medium and small companies instead of large companies. BSE Midcap rose 0.40 per cent to 22,638.82 points and Smallcap gained 0.46 per cent to 25,111.36.

Companies in the energy, IT, tech and telecom sectors were under pressure, while those in the metals and health sectors rose.

Among the Sensex companies, Titan’s shares ended 1.56 per cent lower, TCS 1.33 per cent and HCL Technologies one per cent lower. Shares of Reliance Industries fell 0.87 percent.

Read also: Navjot Sidhu will meet Rahul and Priyanka Gandhi tomorrow

Dr. Reddy’s Lab has the highest rise of 1.75 percent. Shares of Tata Steel rose 1.64 per cent and Tech Mahindra by 1.43 per cent.

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