The market continued to rise for four trading sessions.

Stock Market Closing Bell: There was a period of disappointment in the Indian stock market today. After a poor pre-opening in the morning, the market remained under pressure throughout the day. Till the closing bell, the Sensex was down 0.26 percent by 195.16 points at 73,677.13. Whereas, Nifty fell by 0.22 percent or 49.30 points and closed at 22,356.30. Due to the news of demerger of Tata Motors in the market, the stock price jumped by eight percent during trading and reached the highest level in the last 52 weeks. At the same time, due to the strict action of RBI, IIFL shares fell by about 20 percent. 11 companies on the 30-share Sensex closed with profit. Whereas, 19 companies closed under pressure.

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How was the condition of the sectors?

There was a mixed effect on sectors on Nifty. The PSU Bank index jumped 2.60 percent on the strength of Central Bank of India, Indian Overseas Bank and UCO Bank. Whereas, on the strength of some other companies including Tata Motors, auto rose by more than 1.50 percent. Apart from this, there was a rise in the shares of Pharma, Reality, Health Care and Oil and Gas. Whereas, pressure was seen in financial services, FMCG, IT, metal and private banks. TCS and Ifsys fell the most during the day’s trading. At the same time, Bajaj Finserv also fell by 4.12 percent.

how was the morning business

Major stock indices witnessed a decline in early trade on Tuesday amid weak trends from global markets and withdrawal of foreign funds. Due to profit booking after the record rise in the past few days, the 30-share BSE Sensex fell by 297.97 points to 73,574.32. Nifty was trading 86.05 points down at 22,319.55. At the same time, American markets also closed down on Monday. Global oil benchmark Brent crude fell 0.18 percent to US $ 82.64 per barrel.