- Share market brake on the boom
- Sensex (Sensex) 36329.01 and Nifty (NIFTY) closed at 10705.75 at the time of closing
- Market falls due to profit booking
- New Delhi: The stock market was looking up for the last 5 trading days, the market’s momentum took a slight break today and the market closed down after a slow start in the morning. The Bombay Stock Exchange (BSE) major index Sensex (Sensex) fell 0.94 per cent, down 345.51 points to close at 36329.01 at the time of share market closing. On the other hand, the National Stock Exchange (NSE) Nifty (NIFTY) fell 0.87 per cent to 93.90 points at 10705.75 level.Also read – LPG Cylinder will be available for free for next one year under Ujjwala scheme, government will continue support in EPF
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Talking about sector wise stocks, today Mattel, FMCG, Pharma and PSU bank closed on the green mark. On the other hand, realty, banks, media, private banks, auto and IT all showed up in red. So the stock market giants IndusInd Bank, Vedanta Ltd, JSW Steel, Hindalco, Doc Reddy, SBI, ITC, Hindustan Unilever, Tata Steel and IOC closed on the green mark. While shares of Bajaj Finance, Zee ltd, Tata Motors, Asian Paints, HCL Tech, Maruti, Bajaj Finserv, Infosys and Titan closed on the red mark.
The rupee has also declined – the rupee has also closed down by 8 paise. The rupee has closed at 75.02 against 74.94.
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It is believed that the main reason for today’s decline was profit recovery. Sensex and Nifty closed at the red mark due to profit booking.In the cabinet meeting today, the government has approved Agri Infra Fund of 1 lakh crore. Apart from this, the Modi government has announced to give gas cylinders for free for the next one year under the Ujjwala scheme.
