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.
Bourses in Shanghai, Tokyo and Seoul ended on a positive note, while Hong Kong was in the red.
Banks have been quite upbeat lately and extended gains by over 1 per cent post noon, but it was metals that shone with over 2.5 per cent gains.
Barring pharma, most of key sectoral indices traded in green.
NSE Nifty climbed over 167 points to reclaim the key 14,500-level during the day but surrendered all its gains to the end.
On the broader front, the S&P BSE Midcap and small cap ended with losses at 0.10 and 0.028 per cent down.
