Categories: Business

Stock market ends in red Sensex fall 800 points from day's high

Stock market

new Delhi. The stock market has closed in losses today after losing its initial lead, due to the sharp selling in the last hour and a half. In Tuesday's trade, the Sensex fell 262 points to 31454 and the Nifty fell 88 points to 9206. At the end of trading, the Sensex has seen a fall of 811 points from its upper levels. The biggest loss in business has been seen in the stock of public sector banks.

Today the market has seen the effect of domestic signals. The business saw an early rise due to the relaxation of the industries released from Monday. However, market pressure increased due to the fall in banking stocks and the major indexes reached the red mark. Market concerns have risen as Corona patients have continued to rise amid the easing of lockdown. At the same time, the results and the data related to the economy are also not full of hope.

Public sector banks have seen the biggest decline in today's business. The index of public sector banks closed down 3.2 per cent in Tuesday's trade. On the other hand, realty sector index declined 2.87 percent, pharma sector 1.96 percent, metal sector index 1.18 percent and auto sector index fell 0.44 percent.

Stocks of 34 companies in the Nifty closed with losses. In this, SBI closed 4.17 percent, Bajaj Finance 3.78 percent, Britannia 3.62 percent, Asian Paints 3.52 percent and Tata Motors 2.90 percent. On the other hand, Bharti Infratel grew 3.62 per cent, Mahindra & Mahindra 3.21 per cent and Power Grid 2.89 per cent.

More than 80 stocks reached new lows of the year in trading on Tuesday. This includes the State Bank of India, the stock has fallen more than 4 percent today. Apart from this, Bank of Baroda, Godrej Industries, PVR have also reached the lowest level of the year.

This post was published on May 5, 2020 4:59 pm

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