Stock market busted due to all-round selling

BusinessStock market busted due to all-round selling

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Stock market busted due to all-round selling

New Delhi: Investors have sold out today in the domestic stock market amid weak global cues. The beginning of the market was cautious. After the pressure throughout the day, both the Sensex and the Nifty weakened and closed. At the end of trading, the Sensex has a weakness of 470 points and has closed at the level of 48,564.27. At the same time, the Nifty has closed at the level of 14281 with a weakness of 152 points. In today’s business, there has been a sharp decline in metal and auto stocks. Investors sold heavily in pharma and bank shares. Reliance Industries and Titan Company have been gaining momentum amid all-round selling. ONGC and Sun Pharma are the top losers. Talking about global signals, the signals from America are weak. At the same time, weakness has also been seen in Asian markets.

In today’s trade, 26 stocks of Sensex 30 have closed in red mark. There is a rise in 4 stocks. RIL, Titan Company, HDFC Bank and ITC are booming. At the same time, the top losers include ONGC, Sun Pharma, Powergrid, SBI, Bajaj Finance, IndusInd Bank, Dr Reddy’s and Maruti.

In today’s trade, 12 of the 12 major indices on the Nifty have closed in the red mark. The metal index has fallen by about 4 percent, while the auto and pharma index has fallen by 2 percent. Realty fell 2 percent and the IT index fell more than 1.5 percent. Banks and financial indices have also broken more than 1 percent, so the FMCG index also closed weakly.

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