New Delhi, 2 June (IANS). The Indian stock market saw a large recovery from the lower levels in the Monday trading session and at the end of the trading, the Sensex fell 77.26 points or 0.09 per cent to 81,373.75 and the Nifty was 34.10 points or 0.34 per cent to 24,716.60 at 24,716.60.
In day trading, the Sensex touched a minimum level of 80,654 points and by the end of the business, it saw a recovery of about 600 points.
At the same time, the Nifty touched a minimum level of 24,526 in the session and showed a recovery of more than 150 points at the end of the trading.
Midcap and smallcap saw strong purchases than largecap. The Nifty Midcap 100 index rose by 355.55 points or 0.62 per cent to 57,775.55 and the Nifty Smallcap 100 index fell 212.25 points or 1.19 per cent to close at 18,095.
The Sensex packs featured Adani Ports, M&M, Power Grid, HUL, Bajaj Finserv, Nestle, ICICI Bank, ITC, Asian Paints, L&T, Axis Bank and SBI Top Gainers. Tech Mahindra, Tata Steel, Tata Motors, Titan, HDFC Bank, EdsInd Bank, Infosys, Kotak Mahindra Bank and Reliance Industries were the top loosers.
Research Head of Geojit Investments Limited, Vinod Nair said, “The domestic market is constantly in the face of consolidation. There have been new concerns about the tension and tariff war between Russia and Ukraine.”
He further said, “Indian stock markets remain strong due to the possibility of cutting interest rates by RBI, better GST collections and good GDP data.
The meeting of the RBI MPC is proposed between 4-6 June, in which a decision can be taken on the deduction of the repo rate.
The Indian stock market started in red mark due to negative global cues. At 9:30 am, the Sensex fell 660 points or 0.81 percent to 80,790 and the Nifty was down by 204 points to 24,546.
-IANS
ABS/
