Stock Market Update: Heavy selling is being seen in the domestic stock market amid weak global cues. Both Sensex and Nifty indices have weakened in today’s trading. If the Sensex is down by more than 650 points, then the Nifty has come down to 17900.
All-round selling is being seen in the market today. IT and realty stocks were the biggest losers. The IT index on Nifty has weakened by more than 2 per cent. Bank, financial and auto indices are seeing a weakness of half a percent.
On the other hand, other indices including pharma, metal are also in the red mark. At present, there is a weakness of 670 points in the Sensex and it is trading at the level of 59901. On the other hand, there is a weakness of 191 points in Nifty and it is trading at the level of 17879. Heavyweight stocks are selling. 26 stocks of Sensex 30 are in red mark. Today’s top losers include TECHM, HCLTECH, WIPRO, HDFC and TATASTEEL apart from TCS and INFY.
The Adani Group company said it has incorporated a wholly owned subsidiary, Adani Electricity Jewelery Limited, to carry on the business of transmission, distribution, supply of electricity and other related infrastructure services. AEJL will commence its business operations in due course.