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 Bankex was down 0.63 per cent to 44,567 whereas BSE IT was 40 points. In the broader market
The 30 stock S&P BSE Sensex ended the day at 58,222.10 points, which is 156.63 points or 0.27 per cent higher than its previous session's close at 58,065.47 points. Tracking the rally in the global equities markets, the Sensex started the day sharply higher at 58,314.05 points and soared to a high of 58,578.76 points.
The Indian stock market's key indices, Sensex and Nifty, surged by more than 2 per cent on Tuesday led by strong buying support in heavyweights TCS, ITC, HDFC Bank and Reliance Industries amid strong global cues.
JK Tyres, IndusInd Bank, Kotak Bank and M&M Financial Services whereas Lupin, Heritage Foods, Emami and Ipca Lab were among the laggards on the 30-share index.
Maruti, Bharti Airtel, Reliance, Titan, Ultra Cement, HUL and Tata Steel whereas IndusInd Bank, Wipro, Infosys, Asian Paints, Mahindra, HDFC, NTPC, Kotak Bank, SBI were among the laggards on the 30-share index.
