Stock Market Update: Sharp decline in stock markets today, Sensex, Nifty closed with decline
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The Sensex rose 505.19 points, or 0.77 percent, to close at 65,280.45 points, the Nifty closed at 19,331.80 points, down 165.50 points, or 0.85 percent. In today’s trade, profit booking dominated in most of the major sectors.
Indian stock markets fell sharply today amid weak global cues. Sensex breaks 500 points. The Sensex rose 505.19 points, or 0.77 percent, to close at 65,280.45 points, the Nifty closed at 19,331.80 points, down 165.50 points, or 0.85 percent. In today’s trade, profit booking dominated in most of the major sectors. Apart from auto, consumer durables, all sectoral indices fell. The biggest decline has been seen in realty, infra, index and FMCG sectors. Whereas Energy, Banking, IT stocks remained under pressure. Due to this fall, about 2 lakh crores of investors were drowned.
Top gainers of NIFTY
On the NSE Nifty, TATA MOTORS shares gained 3.68 per cent, TITAN 1.21 per cent, M&M 0.79 per cent, SBILIFE 2.17 per cent, CIPLA 0.17 per cent.
There was a break in these stocks on NIFTY
On the NSE Nifty, ADANIPORTS declined by 2.78 per cent, POWERGRID by 2.74 per cent, APOLLOHOSP by 2.49 per cent, INDUSINDBK by 2.34 per cent and NTPC by 2.13 per cent.
Indian rupee gains
At the interbank foreign exchange market, the Indian rupee strengthened marginally by 0.22 paise to close at 82.74 against the US dollar.
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