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.
Sensex has taken a little over 31 years for the 30-share index to traverse from 1,000 level to 60,048.47 at close of trade on Friday.
The Sensex opened at 60,158.76 points from its previous close of 59,885.36 points.
S&P BSE Sensex traded at 59,511.43 points, higher by 370.27 points or 0.63 per cent from its previous close. NSE Nifty50 traded higher. It rose to 17,727.70 points, higher by 98.20 points or 0.56 per cent from its previous close
On Thursday, the market capitalisation of BSE-listed companies reached its all-time peak of Rs 2,60,78,355.12 crore at the close of trade, largely riding on a record rally in equities.
The top gainers so far on the Sensex were NTPC, Bharti Airtel and Titan Company, while the major losers were Axis Bank, HDFC Bank and Nestle India.
