Mumbai, 2 July (IANS). The Indian stock market closed in a red mark in Wednesday’s trading session. At the end of the trading, the Sensex was down 287.60 points or 0.34 percent to 83,409.69 and the Nifty was 88.40 points or 0.35 percent to 25,453.40.
The decline was led by banking shares. The Nifty Bank was 460.25 points or 0.80 percent to 56,999.20. Apart from this, FMCG, Realty, Media, Energy, Infra and PSE closed in red mark. Auto, IT, pharma, metal and commodity closed in green mark.
Along with largecap, selling was also seen in midcap and smallcap. The Nifty Midcap 100 index fell 82.80 points or 0.14 percent to 59,667.25 and the Nifty Smallcap 100 index was 78.60 points or 0.41 percent to 18,977.10.
The Sensex pack featured Tata Steel, Asian Paints, UltraTech Cement, Trent, Maruti Suzuki, Sun Pharma, Tata Motors, Bharti Airtel, Tech Mahindra and HUL top gainers. Bajaj Finserv, L&T, Bajaj Finance, HDFC Bank, BEL, Power Grid, Kotak Mahindra Bank and SBI were the top losis.
Vinod Nair, Research Head of Geojit Investments Limited, says that mixed global signals are alerting investors before the tariff time limit. The focus of the market is gradually going to the first quarter income, which has higher expectations. Strong macroeconomic fundamentals and increased government expenses such as underlying trends are supporting the strength of the market.
The Indian stock market was open in the green mark amid positive global signals. At around 9.23 am, the Sensex was trading at 225.5 points or 0.27 percent to 83,922.79, while the Nifty was 58.75 points or 0.23 percent to 25,600.55.
Foreign institutional investors (FIIs) continued their selling on July 1 and sold shares worth Rs 1,970.14 crore, while domestic institutional investors (DIIs) continued their purchase and bought shares worth Rs 771.08 crore on the same day.
-IANS
ABS/
