Stock Market Closing: Profit-booking returned in the market from upper levels, Indian stock market closed in red mark for the sixth consecutive day
The Indian stock market has closed with a fall even on the last trading day of the week. This is the sixth consecutive trading session when the market has seen a decline. However, due to global cues in the morning, the market was open with great momentum. The market was trading in the green during the day. But the market has closed down due to the return of selling before the close of the market.
At the end of
Friday's trading, the Sensex of the Mumbai Stock Exchange closed at 52,793 points with a fall of 136 points, while the Nifty of the National Stock Exchange closed at 15,782 points with a fall of 26 points.
The condition of the sector The
banking sector has played a big role in bringing down the stock market. Bank Nifty closed at 33,140 points, down 1.17 per cent i.e. 392 points. Apart from this, the shares of IT, Metals, Energy, Infra, Commodity sector closed with a fall. So the shares of consumer durables, healthcare, oil and gas, pharma, auto sectors closed with a gain. Of the 50 stocks of Nifty, only 24 shares closed in the red mark while 26 shares closed in the red mark. Of the 30 stocks of Sensex, 17 shares have closed in the red mark while 13 shares have closed in the red mark.
Despite the huge fall in the stock
market, many stocks closed with gains, including SBI 4.72 percent, Bharti Airtel 2.76 percent, ICICI Bank 2.75 percent, NTPC 2.56 percent, Tata Steel 2.16 percent, Bajaj Finserv 2.09 percent.