2024-05-02 12:34:05
New Delhi: The market lost its initial gains on Tuesday due to the last round of selling in IT and power sector stocks amid mixed sentiment in global markets. Due to this, the domestic stock markets closed with a decline. BSE’s 30-share Sensex could not maintain its ongoing rising trend for two sessions. It fell 188.50 points or 0.25 percent and closed at 74,482.78 points. At one point during trading, it jumped 440.11 points to reach 75,111.39 points. But, it came under selling pressure in the last hour of trading. Nifty of National Stock Exchange (NSE) also slipped by 38.55 points or 0.17 and closed at 22,604.85 points. In the afternoon, Nifty had also reached its record high of 22,783.35 points with a gain of 139.95 points. There will be no trading in domestic stock markets today on the occasion of Maharashtra Day. These will remain closed.
There will be no business even in these segments
According to the official website of BSE and NSE, there will be no trading in equity derivative segment, currency derivative segment, equity segment and SLB segment on May 1. Apart from the holidays of Saturday and Sunday, the stock market will also remain closed on 20th May. On this day there is election for Mumbai Lok Sabha seat. Due to this there will be no functioning in the stock market. There will be no morning trading in the commodity and electronic gold receipt segments on May 1. But, MCX will trade in the evening. Trading will take place here from 5 pm to 9 am.
Which stocks benefited and which suffered loss on Tuesday?
On Tuesday, among the companies included in the Sensex group, the shares of Tech Mahindra, Tata Steel, JSW Steel, HCL Technologies, Tata Consultancy Services, Larsen & Toubro and Kotak Mahindra Bank saw the biggest decline. On the contrary, there was a bullish trend in Mahindra & Mahindra, Power Grid, Bajaj Finance, IndusInd Bank and Maruti.
On Monday, the Sensex jumped 941.12 points to reach 74,671.28. While Nifty increased by 223.45 points and closed at 22,643.40 points.