Out of the 30 Sensex stocks, 18 are down and 12 are up. Today, banking and IT stocks are witnessing a huge decline. Earlier on Tuesday, the market had made an all-time high. Whereas yesterday, i.e. on Wednesday, the market was closed on Muharram holiday.
Before the stock market opened, there were no special signals from Gift Nifty and its effect was seen in the form of a weak start as expected.
The market made an all-time high on Tuesday
Earlier on Tuesday, July 16, the market had made an all-time high level. During trading, the Sensex touched a high of 80,898 and the Nifty touched a high of 24,661. After this, the market declined slightly and the Sensex closed 51 points higher at 80,716. Nifty also saw a jump of 26 points. It closed at 24,613. Yesterday, i.e. Wednesday, the stock market was closed due to Muharram holiday.