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News Topical, Digital Desk : The market closed with a decline in the first trading session of the week. After four days of rise, the market was under pressure on Monday. There was a pressure of about 500 points in the Sensex. At the same time, Nifty was seen working near 25,500. Buying was seen in midcap and smallcap stocks. The midcap index closed with a gain for the 7th consecutive session. On the sectoral front, pharma, IT indices closed on a rise. Pressure was seen in realty, auto and metal stocks. At the same time, FMCG, oil & gas indices closed on a decline.
Good buying was also seen in public sector banks. Nifty PSU Bank index closed with gains for the fifth consecutive session. Today it saw a gain of more than 2%.
At what level did the market close After a full day's work on Monday, the Sensex closed 452 points lower at 83,606. Nifty closed 121 points lower at 25,517. Nifty Bank index closed 131 points lower at 57,312. On the other hand, the Nifty Midcap index closed 356 points lower at 59,741.
Which stocks showed action JB Chemicals closed 7% lower after the news of acquisition. Torrent Pharma saw a gain of 2%. Sigachi Industries closed 11% lower after the news of explosion in Telangana unit. Trent closed with recovery in the last hour of the session. On the strength of positive brokerage note, this stock was the fastest stock of Nifty. IndusInd Bank closed with a gain of 2%. The bank has sent the recommendation of names for the next CEO to RBI. 2-wheeler stocks also remained under pressure today amid reports of drafts related to ABS rules. Hero MotoCorp closed down by about 2%. Nifty Auto Index fell by about half a percent ahead of June auto sales data. Raymond closed with a gain of 14% ahead of the listing of its realty unit. Karnataka Bank closed up by 6% after the board approved the resignation of MD & CEO.
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