Market closes lower due to losses in consumer stocks amid weak earnings
The stock market closed lower on Wednesday due to losses in consumer stocks amid weak earnings.
The stock market closed lower on Wednesday due to losses in consumer stocks amid weak earnings.
The benchmark indices surged 1.8 per cent on the back of strong gains in capital goods, banking, energy, and auto stocks on Tuesday.
Stock market fell on Monday amid losses in global markets as the US President Donald Trump announced new tariffs on key trading partners, including Canada, Mexico, and China.
Stock market closed higher on Friday, a day before the announcement of Budget, for the fourth consecutive session.
At close, Sensex was up 654 points or 0.9 per cent at 76,555 and Nifty was up 206 points or 0.9 per cent at 23,163.
BSE Gainers were led by IndusInd Bank, gaining around 7 per cent, followed by ICICI Bank, Axis Bank, HDFC, Bharti Airtel, SBI, Bajaj Finance and HDFC Bank.
During the week, Sensex tumbled 1,071.43 points or 2.63 per cent, while Nifty sank 287.95 points or 2.41 per cent.
In the broader market, the S&P BSE MidCap and SmallCap ended with loss at 0.76 per cent and 0.93 per cent respectively.
In the broader market, the S&P BSE MidCap and SmallCap ended with gains at 1.65 per cent and 0.6 per cent respectively.
On the broader market, the S&P BSE MidCap and SmallCap ended with losses at 1.77 per cent and 0.88 per cent respectively.