Stock Market Update: Market continues to fall heavily, Sensex 800, Nifty closes down 250 points
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The Sensex index ended at 59,330.90, up 874.16 points, or 1.45 percent, from its previous close, and the Nifty 50 closed at 17877.20, down 287.60 points, or 1.61 percent, from its previous close. The fall in the shares of Adani Group continued.
In today’s business, heavy selling has been seen in the domestic stock market. There has been a big decline in Sensex and Nifty for the year. Sensex had weakened by more than 1000 points in intraday. The Sensex index ended at 59,330.90, up 874.16 points, or 1.45 percent, from its previous close, and the Nifty 50 closed at 17877.20, down 287.60 points, or 1.61 percent, from its previous close. The fall in the shares of Adani Group continued. Selling continues in Adani Group shares. At the same time, the market has also weakened due to selling in bank and financial stocks. Heavy profit booking has also been seen in metal stocks. PSU Bank, Oil & Gas, Power and Metal indices fell 4-6 per cent. The BSE Midcap index declined by 1.2 per cent and the Smallcap index by 1.9 per cent. About 6.5 lakh crores of investors have drowned in this sell-off of the market.
Top gainers of NIFTY
On the NSE Nifty, TATA MOTORS shares closed with a gain of 6.25 per cent, BAJAJ-AUTO by 6.01 per cent, DRREDDY by 2.65 per cent, ITC by 1.84 per cent, CIPLA by 1.42 per cent.
These stocks showed a break on NIFTY
On the NSE Nifty, ADANIENT declined by 18.31 per cent, ADANIPORTS by 15.24 per cent, SBIN by 4.69 per cent, ICICIBANK by 4.33 per cent and INDUSINDBK by 3.92 per cent.
Indian rupee gains
At the interbank forex market, the Indian rupee closed marginally higher at 81.52 against the US dollar as against its previous close of 81.59.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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