Mumbai, 17 June (IANS). The Indian stock market closed in a red mark in Tuesday’s trading session. There was all -round selling in the market. At the end of the day, the Sensex closed at 81,583.30 with a weakness of 212.85 points or 0.26 percent and the Nifty closed at 24,853.40 with a weakness of 93.10 points or 0.37 percent.
Along with largecap, selling is also seen in midcap and smallcap. The Nifty Midcap 100 index was down by 389.20 points or 0.66 per cent to 58,379.30 and the Nifty Smallcap 100 index at 18,420.35 with a weakness of 128.85 points or 0.69 per cent.
Auto, PSU Bank, Financial Services, Pharma, FMCG, metal, realty and media closed in red marks on sectoral basis. Only the IT index closed in the green mark.
The Sensex Pack featured Tech Mahindra, Asian Paints, Infosys, Maruti Suzuki, TCS, NTPC, HCL Tech, HUL, Power Grid and Axis Bank top gainers. Sun Pharma, Eternal, Tata Motors, Bajaj Finance, IndusInd Bank, Nestle, Bajaj Finserv, Tata Steel and Titan were the top losets.
LKP Securities Senior Technical Advisor Roopak De said, “The Nifty is facing blockage of around 25,000. 24,850 is an important support for this. If it goes above 25,000, the rally can be seen. At the same time, the selling can be seen if it goes below 24,850.”
He also said, “Investors’ eyes are on the upcoming fed policy. Only then the direction of the market will be decided.”
The beautiful Kewat of the Ashika Institutional Equity said that rising crude oil prices are increasing the concern of inflation in the world’s second largest oil importer India, which has also promoted a negative environment.
The stock market started with a decline. At around 9.28 am, the Sensex was trading at 81,609.80 at 81,609.80 at 81,609.80 at around 9.28 am, while the Nifty was trading 68.20 points or 0.27 per cent at 24,878.30.
-IANS
ABS/