Categories: Business

Stock market ends in Red as RIL slip


stock market today

new Delhi. Despite rising in overseas markets, the major indexes closed for the third consecutive day due to selling in heavyweight stocks in the domestic market. In the last trading session of the week, the Sensex lost 129 points at 37607 and the Nifty dropped by 29 points to close at 11073. During the business, the pharma sector saw the biggest boom. There was pressure in the energy and auto sectors.

In today's trade, more than two-thirds of the stocks in the Sensex have closed with an increase, but the major index has also remained below the previous levels due to the red mark of the big stocks. The stock recorded profit-booking after the results of Reliance Industries. The stock fell more than 2 per cent during trading. RIL was the biggest loser among the Sensex stocks. HDFC Bank declined nearly 2 per cent and HDFC declined by more than 1 per cent. At the same time, after the results, the stock of State Bank of India has seen a boom. The stock closed up 2.6 percent after registering an 81 percent gain in quarterly profits.

The energy sector index closed down 0.84 percent in today's trade. At the same time, the Financial Services Index fell more than half a percent. There was limited pressure in the auto and banking sector index today. However, with the help of SBI, the index of public sector banks closed up over 1 per cent. The pharma sector index closed up 3.56 percent. Metal and reality sector indices were up more than 1 percent.

On the other hand, the European market saw an early lead today. At the close of the domestic stock markets, Germany's DAX was up 0.9 per cent, France's CAC 40 gained 0.64 per cent and the UK FTSE 100 gained 0.31 per cent. In the Asian markets, Japan and Hong Kong markets closed with a fall, Chinese markets today saw an increase.

This post was published on July 31, 2020 9:59 pm

Content Team

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