Share Market Closing Update: Today there was a decline in many stocks in the market. Adani Enterprises, Adani Ports, BPCL, Hindalco Industries and Divis Labs were among the top Nifty losers today.
Apart from this, there was a rise in some stocks today. IndusInd Bank, Dr Reddy’s Laboratories, Bharti Airtel, Asian Paints and NTPC were among the top Nifty gainers today.
Share Market Closing: There has been a huge decline in the stock market on the last day of the Karabori week. Today, most of the shares have been seen trading in the red mark in the stock market.
Along with this, there has been a huge decline in Sensex and Nifty. Sensex has broken more than 250 points, while Nifty has broken more than 100 points. Apart from this, losses have been seen in many stocks today.
Sensex and Nifty
There has been a decline in Sensex today. Due to which the Sensex came below the level of 63000 today. Sensex hit a low of 62874.12 today. With this, the Sensex today closed at a level of 62979.37 with a fall of 259.52 points (0.41%). At the same time Nifty also came below the level of 18700. Nifty hit a low of 18647.10 today. With this, the Nifty today closed at a level of 18665.50 with a decline of 105.75 points (0.56%).
Top gainers and top losers
Today many stocks saw a decline in the market. Adani Enterprises, Adani Ports, BPCL, Hindalco Industries and Divis Labs were among the top Nifty losers today. Apart from this, there was a rise in some stocks today.
IndusInd Bank, Dr Reddy’s Laboratories, Bharti Airtel, Asian Paints and NTPC were among the top Nifty gainers today. Whereas Metal, Oil & Gas, Power, Capital Goods, Auto, IT, PSU Bank closed with a decline of 1-2 percent.
IT stocks under pressure:
Concerns about a possible earnings decline in the Indian IT sector have increased due to a downgrade in earnings guidance by US tech major Accenture, resulting in pressure on IT stocks. However, the domestic market is not expected to recover significantly due to favorable domestic economic indicators and correction in international commodity prices to sustain earnings growth on a QoQ basis.
