Mumbai, 11 February (IANS). The Indian stock market saw a major decline on Tuesday. Most of the market main index closed in red mark. At the end of the trading, the Sensex fell by 1,018 points or 1.32 percent to 76,293 and the Nifty fell 309 points or 1.33 percent to 23,071.
The market trend was negative. 532 shares on Bombay Stock Exchange (BSE) have closed in green mark, 3,469 shares in red mark and 96 shares have closed without any change.
Due to the major fall, the market cap of all the companies listed on BSE has fallen by Rs 9 lakh crore to Rs 408 lakh crore.
Midcap and smallcap stocks saw large selling in the midcap and smallcap stocks than largecap. The Nifty Midcap 100 index fell 1,583 points or 3.02 percent to 50,887 and the Nifty Smallcap 100 index fell 574 points or 3.45 percent to 16,074.
All indexes including Nifty Auto, IT, PSU Bank, Finance Services, Pharma, FMCG, Metal, Realty, Energy, Private Bank, Infrastructure and Media have been closed in red mark.
In the Sensex pack, 29 out of 30 shares have been closed in red mark.
Jomato, Tata Steel, Tata Motors, Power Grid, L&T, Bajaj Finserv, Kotak Mahindra Bank, ITC, UltraTech Cement, HUL, Sun Pharma, TCS, M&M, NTPC and Reliance Industries were the top loosers. Only Bharti Airtel is closed in the green mark.
The major decline in the market is due to the 25 percent of the crims of steel and aluminum products imported by US President Donald Trump.
At the same time, the statement made by CIO S Naren, CIO of ICICI Prudential AMC and more valuations of midcap and smallcap is also the cause of high selling in small and medium stocks.
The stock market also started with a decline. At 9:30 am, the Sensex fell 172 points or 0.22 per cent to 77,138 and the Nifty fell by 69 points or 0.30 per cent at 23,315.
-IANS
ABS/
