How was the Market Update Sector wise?
Reportedly the current week has proved to be very bad for the indian stock market and in this week, 2 days proved to be good bullish. After Donald Trump's victory in the US elections, the indian stock markets saw a boom in these 2 days which did not continue for long. Yesterday and today, the red mark of decline has dominated the stock market. On Friday, the BSE Sensex closed at 79,486.32, up 55.47 points, and the NSE Nifty closed at 24,148.20, down 51.15 points or 0.21 percent. The trading session closed at the level of 51,561 with a decline of 355 points or 0.68 percent in the bank Nifty.
Earlier on Friday, FMCG, IT, Pharma, Healthcare Index and Consumer Durables sector closed with a green mark of strength. Among the falling sectors, the realty index has seen the maximum weakness of 2.90 percent and along with this the media index has fallen by 2.09 percent. On the other hand, the oil and gas stocks have closed with a big decline of 1.96 percent.
Moreover out of 30 stocks of BSE Sensex, 16 stocks closed with a rise and 14 stocks closed with a decline. Among the Sensex stocks, today the shares of M&M, Titan, Tech Mahindra, Nestle and Infosys rose and among the falling stocks, the shares of Asian Paints, Tata Steel, sbi, Tata Motors and reliance closed with a red mark of weakness. Out of 50 stocks of NSE Nifty, 23 stocks closed with gains and 27 stocks declined. One stock closed with no change. In Nifty, stocks of M&M, Titan, Tech Mahindra, Nestle and Infosys rose and stocks of Trent, Coal India, Asian Paints, Tata Steel and sbi closed with losses.