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On the day of Nifty weekly expiry, Nifty-Sensex closed flat with consolidation. Pressure was seen in midcap and smallcap stocks. On the sectoral front, banking, PSE and pharma indices closed with gains. Pressure was seen on FMCG, realty and auto stocks. Currently, the pressure is increasing in the market due to many sentiments. The Indian market is being affected due to weakness in the second quarter results, continuous selling by FIIs, geopolitical tensions in the Middle East, uncertainty about rate cuts in the USA, US presidential elections and US bond yield.
At what level did the market close today?
After a day's work on Thursday, the Sensex closed at 80,065 after a slight decline of 17 points. Nifty closed at 24,399 with a decline of 36 points. The midcap index closed at 56,356, down 177 points. Nifty Bank closed at 51,531, down 292 points. Buying is being seen in cement stocks due to the positive outlook in the second half. UltraTech Cement and Dalmia Bharat topped the list of bullish stocks on Nifty. Hindalco closed down 7% today after Constellium's weak results. HUL was the weakest stock on Nifty today. The company's results were weaker than expected. SBI Life saw a decline of 5%. The company has cut its growth outlook for the financial year 2025. ACC closed with gains after the results. Colgate closed 3% lower due to weaker-than-expected margins and weak outlook. Adani Wilmar closed with a gain of 6% after its results. FMCG closed lower today due to low green demand. This index closed 3% lower today. Syngene closed 5% higher today. This stock was witnessing a decline yesterday after its second quarter results. Piramal Pharma, Aster DM and Navin Fluorine saw a rise today after its second quarter results. Escorts Kubota closed lower after news of selling railway equipment business to Sona BLW. Laurus Labs also closed lower after its weaker-than-expected results.
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