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News Topical, Digital Desk : Pressure was seen in the market in the first session of the trading week. The market closed on a decline for the third consecutive day. There was selling in midcap and smallcap stocks. On the sectoral front, there was selling in realty, metal and PSE stocks. IT, energy and infra index closed with a decline. Pharma index closed with a slight increase.
On Monday, instead of 1 stock rising, 3 stocks fell. With today's decline, the market has now slipped to a 2-month low. IT and heavyweight financial stocks put pressure on the market. After the announcement of layoffs by TCS, selling was seen in big IT stocks.
At what level did the market close today? After a full day's work on Monday, the Sensex closed 572 points down at 80,891. Nifty closed 156 points down at 24,861. Nifty Bank closed 444 points down at 56,085. Nifty Midcap Index closed 490 points down at 57,519. Which stocks showed action today After the first quarter results, Kotak Bank saw a decline of 8%, after which the market capitalization of the bank has seen a decline of Rs 30,000 crore. Bajaj Finance also saw a decline today after Friday. It slipped by 4% after the news of cautious outlook. IndusInd Bank closed with a fall of 3% before the results today. BEL closed with a fall of 1% after the results. Shriram Finance topped the list of fastest growing stocks on Nifty today after the first quarter. Cipla closed with a gain of 3% after a positive outlook. Laurus Labs closed with a gain of 6% after a positive outlook. Adani Green closed with a gain of 3% after a 36% increase in income. Real estate stocks showed pressure. SBI Card closed with a gain of 6% after weaker-than-expected results. CarTrade closed with a gain of 8%.
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