Categories: Business

Stock market trade in range on mix cues

Photo: FILE

stock market today

new Delhi. With mixed signals from overseas markets and expiry of F&O contracts coming close, the domestic stock market today has seen limited range of volatility. In Tuesday's trade, the Sensex gained 45 points to close at 38,844 and the Nifty gained 6 points to close at 11,472. Banking stocks continued to rise for the second consecutive day today.

Today, the day's trade saw a difference of only 330 points between the Sensex's highest and lowest level. Today the Sensex saw a maximum gain of 211 points, while the sell-off dominated the index by a maximum of 119 points against the previous closed level. With no major positive signs in the market, investors conducted stock-based trading. Investors refrained from taking any risk as foreign market signals were mixed. Today the European market has an upward trend, all major sector indices of the region are trading with an increase, although these gains are limited. On the other hand, in Asian markets, China and Hong Kong markets closed down, while Japan's market recorded an increase. Foreign markets are awaited by the head of the US Federal Reserve. This will be his first address after the July meeting, with investors hoping that the chairman can mention further strategies and challenges in his address.

Banking stocks continued to grow during today's business in the domestic market. Even after yesterday's gain, the banking sector index closed higher than 1 percent today. The index had gained over 2 per cent on Monday. With this, the auto sector index rose more than half a percent. On the other hand, the realty sector index closed down more than 2 per cent. FMCG, IT and metal sector indices also closed with a fall today.

This post was published on August 25, 2020 4:58 pm

Content Team

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