With the fall in banking and financial shares on Thursday, the two major indices of the market closed down.
Earlier, the domestic market was seen in four consecutive seasons. Today oil stocks have also weakened, which had negative impact on the market. After the weakness in Asian stocks, European shares, besides American futures, were seen in decline. Investors have also become cautious before announcement of financial results of companies.
The BSE Sensex opened at 36,258.00, with a slight increase compared to the previous closed level of 36,212.91 points. During the trading, the Sensex climbed to 36,269.31 points, while sliding down to 36,070.76. At the close, it was down 106.41 points or 0.29% to close at 36,106.50. On the NSE, Nifty closed at 10,859.35 with a loss of 33.55 points or 0.31% at 10,821.60, compared to the previous close level of Nifty 10,855.15. Today, the Nifty low level was at 10,801.80.
Of the top 50 Nifty stocks, 20 stocks gained strength and 30 shares fell weakness. On the BSE, 31 major stocks of 14 stocks gained strength and 17 shares weakened.
Among the Sensex giants in today’s trade, Tata Motors gained 1.34%, NTPC gained 1.13%, Mahindra & Mahindra 0.99%, Bajaj Auto 0.86%, Bharti Airtel 0.63% and Infosys 0.58%. Out of the falling shares, IndusInd Bank recorded 2.36%, Kotak Mahindra Bank 1.42%, ONGC at 1.37%, Maruti Suzuki 1.07%, Axis Bank 1.05% and HDFC 0.89%.
Today, 1,373 shares of weakness were seen in the strength of 1,227 out of the total BSE shares, while 154 shares remained flat.
Contrary to the major indices, today the small-medium markets have gained strength. In BSE Midcap, 0.49% and BSE SmallCap increased by 0.14%. At the same time, the Nifty Midcap 100 and Nifty Small 100 both gained 0.40%.
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