look news india
Amid the decline in global markets, the domestic stock market opened with a decline on Monday, the first day of the week. Benchmark indices Nifty and Sensex fell more than one per cent during the day’s trading. Talking about the market situation at 3.30 pm, the stock market closed with a fall of more than 800 points. While Nifty fell by 274 points and closed at 22,817 points.
tough before the budget
Earlier, the Indian stock market closed with a decline for the third consecutive week. The market declined due to concerns over the third quarter results of domestic companies and uncertainty arising from US trade policy. The budget will be presented at the end of this week. However, a decline is being seen in the market. The Union Budget 2025 will be presented on February 1.
The market closed with a decline
The special thing is that bad global signals spoiled the mood of the market. Sensex and Nifty closed down by more than 1%. Heavy selling was seen in midcap and smallcap shares. The smallcap index closed down more than 3.5%. All sectoral indices on BSE declined, with IT, Metal and Pharma indices falling the most. There was pressure on energy, oil-gas and realty stocks.
Top stocks and losers
Tech Mahindra, Wipro, HCL Technologies, Power Grid Corp, Bharti Airtel were the top fallers on Nifty. While ICICI Bank, Britannia Industries, SBI, M&M, HUL were the top gainers in Nifty. 26 out of 30 Sensex stocks declined while 46 out of 50 Nifty stocks declined. On the other hand, all 10 stocks of Nifty Bank closed with a decline.
