Share Market: Sensex 531 points Low, Nifty below 14,238
The 30-share BSE Sensitive Index Sensex lost 530.95 points, or 1.09 per cent, to close at 48,347.59. Similarly, NSE Nifty closed down at the level of 14,238.90 points.
New Delhi: Domestic stock markets closed for the third consecutive session on Monday. Stock exchanges once again collapsed due to the breakdown of shares of major companies like Reliance Industries, HCL Technologies, IndusInd Bank, Tata Motors.
Sensex lost 530.95 points:
The 30-share BSE Sensitive Index Sensex lost 530.95 points, or 1.09 per cent, to close at 48,347.59. Similarly, NSE Nifty closed down at the level of 14,238.90 points, down by 133.00 points i.e. 0.93 per cent. Talking about the sectoral index, all sectors except the metal and pharma sectors closed with a red mark.
Reliance Shares fell:
Reliance Industries (RIL) shares fell to 5.36 on Sensex. This affected the sentiment of the entire market. IndusInd Bank shares fell 4.72 per cent and HCL Tech fell 3.80 per cent. Apart from these, Asian Paint, Ultratech Cement, Powergrid, Kotak Mahindra Bank, ONGC, HDFC, Bajaj Finance, Infosys, ITC, NTPC, SBI, Nestle India, Tech Mahindra, Hindustan Unilever Limited, TCS, Mahindra & Mahindra, Maruti and Larsen & Toubro Shares closed with a red mark.
Axis Bank shares gained the most by 2.19 percent:
Axis Bank shares gained the most by 2.19 percent on the Sensex. Similarly, Sun Pharma saw an increase of two percent in the stock. Besides, shares of Bajaj Auto, Bajaj Finzerv, HDFC Bank, Doc Reddy's, ICICI Bank, Bharti Airtel and Titan closed up.
Ajit Mishra, Vice President (Research), Religare Broking Ltd, said that the market correction was seen on Monday as well and the stock market witnessed very high volatility and they fell to one per cent.