Stock Market Update: Brake on the rise, Sensex, Nifty closed with a fall
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Both the major indices closed with losses. The Sensex index ended at 60,858.4, down 187.3 points from its previous close, and the Nifty 50 closed at 18,107.9, down 57.5 points from its previous close.
Worries about a recession grew amid weakness in global markets. Its effect was also seen in business. Both the major indices closed with losses. The Sensex index ended at 60,858.4, down 187.3 points from its previous close, and the Nifty 50 closed at 18,107.9, down 57.5 points from its previous close. Media, consumer durables and FMCG remained under pressure throughout the session as most sectors declined. IT and Oil & Gas were relatively stable and registered marginal gains. Metal and FMCG stocks showed maximum weakness in the business today. Talking about global cues, selling has been seen in Asian markets today.
Top gainers of NIFTY
On the NSE Nifty, COALINDIA shares closed up 3.34 per cent, UPL up 2.16 per cent, ONGC 1.44 per cent, BPCL up 0.92 per cent, TATASTEEL up 0.86 per cent.
There was a break in these stocks on NIFTY
On the NSE Nifty, ADANIENT declined by 3.86 per cent, Asianpaint by 3.12 per cent, TATAMOTORS by 1.87 per cent, INDUSINDBK by 1.80 per cent and ADANIPORTS by 1.72 per cent.
Indian rupee weakened
At the interbank foreign exchange market, the Indian rupee declined 11 paise to close at 81.35 against the US dollar as against its previous close of 81.24.
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