On Friday, the last trading day of the week, the stock market ended on a negative note. Following this, the 30-cap BSE Sensex lost 31 points. The Nifty, comprising the top 50 stocks of the National Stock Exchange, closed down 17.15 points (0.10 per cent) at 17,314.65.
The domestic market also opened on a negative note amid weaker global cues. Most of the time trading was going on within a certain range. However, it ultimately backfired. Specifically, banks, financial institutions, realty and IT stocks faced selling, traders said.
‘Check’ for 2-day uptrend: Sensex fell 129.54 points to close at 58,092.56 at 58,314.05 in the morning, losing 370.95 points to end at 57,851.15. Later, the Sensex, which had touched a high of 58,269.34, eventually fell 30.81 points (0.05 per cent) to close at 58,191.29. Following this, two climbs were put to an end. On the Sensex, 14 stocks gained. 16 stocks came in the low price list.
Titan Strong: Titan led the gainer chart on the Sensex with a gain of 5.27 percent. Next to this, Pau Grid, Indus Ind Bank, NTBC, Maruti among others floated between 1 and 1.50 percent. Leading companies including Bharti Airtel, L&T, Reliance, Axis Bank, HDFC also rose slightly and came to the price list.
M&M declines: Meanwhile, auto major M&M, Ultra Tech Cement, SBI, TCS and others led the decliners with losses between 1.30 and 1.40 per cent. Also, Bajaj Finance, ITC, HCL Tech, Wipro, Infosys, HDFC Bank, ICICI Bank, Tiata Steel, etc. also made it to the low-cost list.
Market cap 275.87 lakh crore: The market capitalization of the Mumbai Stock Exchange fell by Rs 25 thousand crore to Rs 275.62 lakh crore at the close of trading. Meanwhile, foreign institutional investors last Thursday Rs. 279.01 crores worth of shares have been sold.