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.
At 9.26 am, Sensex traded at 59,557.48 points, up 528.57 points or 0.90 per cent, whereas Nifty traded at 17,770.00 points, up 145.60 points or 0.83 per cent.
The broader Nifty 50 of the National Stock Exchange closed 31.20 points or 0.18 per cent down at 17,624.40 points.
At 9.25 am, Sensex traded at 58,920.55 points, down 276.44 points or 0.47 per cent, whereas Nifty traded at17,578.40 points, down 77.20 points or 0.44 per cent.
The Indian stock market's benchmark Sensex closed 49 points down in a volatile session on Tuesday dragged by selling pressure in banking and financial stocks.
At 9.39 am, Sensex traded at 59,259.10 points, up 13.12 points or 0.022 per cent, whereas Nifty traded at 17,671.65 points, up 5.85 points or 0.033 per cent.
