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The market witnessed sharp fluctuations during the last session of the trading week. On Friday, Sensex and Nifty closed with a decline. Midcap and smallcap stocks witnessed the highest selling today. On the sectoral front, realty, oil & gas and pharma stocks declined. Energy, auto and PSE indices also closed with a decline. FMCG, IT indices closed with gains.
On Friday, 19 out of 30 Sensex stocks were weak. 32 out of 50 Nifty stocks closed in the red. Whereas, 10 out of 12 Nifty Bank stocks closed in the red. The rupee strengthened by 25 paise against the dollar to close at 86.21.
At what level did the market close today
After the day's work, the Sensex closed 330 points lower at 76,190. Nifty closed 113 points lower at 23,092. Nifty Bank closed 221 points lower at 48,368. On the other hand, the Nifty Midcap Index closed 836 points lower at 53,263. Which stocks showed action today HDFC Bank, Reliance Industries and M&M are contributing to the decline in Nifty today. Buying was seen in HUL, Britannia Industries and Tata Consumer. These stocks were included in the list of fastest stocks of Nifty today. Dr Reddy's Labs fell today after quarterly results and was the weakest stock in Nifty today. Shriram Finance closed lower today after the results were released. Trent also saw a decline today. This stock was down 4% again today. MPhasis saw a sharp recovery in intra-day. After the positive commentary of the management, this stock closed with a gain of 3% today. Laurus Labs closed with a gain of 3% today. Amber Enterprises closed with a gain of 3% after strong results in the third quarter. Syngene closed 6% lower after a cut in guidance. Cyient closed 24% lower today. IEX closed in the green but this stock also saw pressure from the upper levels. After the negative results, Granules, Thyrocare, Mankind, Spandana, Tejas, Jindal Saw closed lower. At the same time, the effect of weak outlook was seen on Sona BLW, Suryoday SFB and they closed with a weakness of 6%. How was the market this week? The market closed with a decline for the third consecutive week. This is the first time in 3 months that the market closed with a decline for three consecutive weeks. The broad market saw the most pressure. This week the midcap index closed with a decline of 2% and the smallcap index closed with a decline of 4%. Sensex and Nifty saw a decline of half a percent. At the same time, Nifty Bank showed a weakness of 0.4%.
