Stock market fails to hold on to opening gains, selling seen in heavyweights
The overall market capitalisation of BSE-listed firms dropped to nearly Rs 406.2 lakh crore from nearly Rs 408.5 lakh crore in the previous session.
Tracking mixed Asian and European equity markets, domestic bourses closed Tuesday’s volatile trading session on a marginally lower note.
The Sensex at the Bombay Stock Exchange (BSE) ended 49 points down at 29,000 and the Nifty at the National Stock Exchange (NSE) closed 17 points lower at 8,947.
However, in the broader markets, BSE Midcap and Smallcap indices increased around 0.1 per cent each.
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Among the BSE sectoral indices, Oil & Gas index jumped the most, up 0.4 per cent, while Metal index became the top loser, down 1.8 per cent.
On Monday, the Sensex had closed 216 points higher at 28,048 and the Nifty had closed 66 points up at 8,963.
Top gainers in the Sensex-30 pack: Adani Ports (up 1.7 per cent), ONGC (up 1.3 per cent), TCS (up 1.3 per cent), Gail (up 0.7 per cent) and HDFC Bank (up 0.6 per cent).
Top losers in the Sensex-30 pack: Tata Steel (down 2.2 per cent), Infosys (down 1.7 per cent), Lupin (down 1.4 per cent), Axis Bank (down 1.3 per cent), and Maruti Suzuki (down 0.9 per cent).
In the overseas markets, China’s Shanghai Composite Index rose 0.3 per cent, Japan’s Nikkei 225 Index slipped 0.2 per cent, Hong Kong’s Hang Seng Index gained 0.4 per cent and Singapore’s Straits Times Index rose 0.3 per cent.
Meanwhile, the Rupee was trading three paise higher at 66.68 against the US Dollar.
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