Today, the second trading day of the week that is on Tuesday, the stock market closed on the red mark after a day’s trading. The Bombay Stock Exchange’s flagship index Sensex closed at 52,578.76, down 273.51 points (0.52 per cent). On the other hand, the Nifty of the National Stock Exchange closed at 15,746.45, down 78.00 points (0.49 per cent). Last week, the BSE 30-share Sensex was down 164.26 points or 0.30 per cent.
The direction of the domestic stock market will be decided by the quarterly results of the companies and the global trend this week. According to analysts, investors will also be watching the decision of the US Federal Reserve on the interest rate. Apart from this, investors will also watch this week on crude oil prices, volatility of rupee against dollar and investment trend of foreign institutional investors.
The market capitalization of six of the top 10 Sensex companies declined by Rs 76,640.54 crore last week. HDFC Bank suffered the most. Reliance Industries ranks first in the list of top 10 companies. It is followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC, SBI, Bajaj Finance and Kotak Mahindra Bank respectively.
Such was the condition of giant stocks
Talking about the big stocks, after the day’s trading, the shares of SBI Life, Bajaj Finserv, Hindalco, SBI and Tata Steel closed on the green mark. On the other hand, Dr Reddy’s, Cipla, Axis Bank, Divis Lab and Adani Ports closed on the red mark.
Keeping an eye on the sectoral index
Looking at the sectoral index, today all the sectors except metal and PSU Bank closed on the decline. These include media, IT, pharma, auto, bank, finance service, private bank, realty and FMCG.
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