Sensex closed at 202 points
Business Business: The stock market has returned to the selling level. On Wednesday, the third trading day of the week, the Sensex closed 202.80 points down at 82,352.64. Nifty closed 81.15 points down at 25,198.70. As for the top 30 stocks in the BSE index, shares of Mahindra & Mahindra, Axis Bank, SBI, ICICI Bank, Infosys, L&T, TCS, Bajaj Finance, Tata Steel, Power Grid, Adani Ports and Tata Motors ended in the negative. They were Asian Paints, HUL, UltraTech, Sun Pharma, Bajaj Finserv, Reliance, HDFC Bank, Airtel and Tech Mahindra.
Let us tell you that on Tuesday, the Sensex closed flat but the Nifty closed with gains for the 14th consecutive trading session. Earlier, the Sensex had climbed for ten consecutive days and hit a new high on September 2.
On Tuesday, the Sensex fell 4.40 points or 0.01 per cent to 82,555.44. In today’s trading, it fell to 159.08 units. At the same time, the Nifty rose for the 14th consecutive day and closed at an all-time high of 25,279.85 with a gain of just 1.15 points.
Vinod Nair, Head of Research, Geojit Financial Services, said, investors were somewhat cautious in view of the slowdown in manufacturing activities. Slowdown in manufacturing activities indicates weak demand.
In Asian markets, South Korea’s Kospi, China’s Shanghai Composite, Japan’s Nikkei Stock Average and Hong Kong’s Hang Seng fell. US markets were closed on Monday on the occasion of Labor Day. Global oil benchmark Brent crude futures fell 0.40 percent to $ 77.21 a barrel.
