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.
Even though the indices are in the green, analysts expect volatility to continue in Dalal Street.
Call it a moment of epiphany or homecoming, the parties of the head honcho of one of the top 5 outdoor advertising agencies in India used to be the talk of the town. The parties were replete with the biggest of Bollywood stars as attendees.
At 9:30 am, the BSE Sensex was up by 358.67 points or 0.63 per cent at 57,396.17.
In the past five sessions, the Sensex and Nifty declined almost 4 per cent each, data showed.
Upon seeing such a sharp rally in prices, the stock exchanges have sought clarification from the company.
