Mumbai: Indian stock market closed in red on Monday. At the end of trading, IT and PSU bank sector remained under pressure. BSE’s Sensex closed at 81,151.27 after slipping 73.48 points or 0.09 percent. At the same time, NSE’s Nifty closed at 24,781.10 after falling 72.95 points or 0.29 percent.
Nifty Midcap 100 index closed in red at 57,677.70 after slipping 971.45 points or 1.66 percent. Nifty Smallcap 100 index closed at 18,797.40 after falling 280.40 points or 1.47 percent. Nifty Bank closed at 51,962.70 after falling 131.50 points or 0.25 percent.
Barring the auto and fin services sector of Nifty, selling was seen in IT, PSU Bank, Pharma, FMCG, Metal, Realty, Media, Energy, Private Bank, Infra, Commodity sector. The market trend remained negative.
On the Bombay Stock Exchange (BSE), 1,133 stocks were trading in green, 2,900 stocks in red. At the same time, 142 stocks closed without any change. Bajaj Auto, HDFC Bank, Asian Paints, M&M and Eicher Motors were among the top gainers of Nifty. At the same time, Tata Consumer, Kotak Mahindra Bank, Bajaj Finserv, BPCL and IndusInd Bank were the top losers.
Kotak Bank, Bajaj Finserv, IndusInd Bank, Bajaj Finance, UltraTech Cement, Infosys and TCS were the top losers in the Sensex pack. At the same time, HDFC Bank, Asian Paints, M&M, Maruti and Tech Mahindra were the top gainers.
According to market experts, “Market performance during this time of quarterly results was affected by persistent foreign selling pressure and mixed earnings reports. The initial decline was mainly due to Kotak Mahindra Bank, which reported lower-than-expected quarterly earnings, as well as IT stocks.”
The Indian stock market opened in the green on Monday morning. Buying was seen in the auto, IT and PSU bank sectors in early trade. The BSE Sensex was trading at 81,653.83 after gaining 429.08 points or 0.53 percent. At the same time, the NSE Nifty was opening trading at 24,955.50 after rising 101.45 points or 0.41 percent.
