Sensex and Nifty downfall: Yesterday's market hit a break again today. There was a tremendous jump in the market yesterday. Today, Sensex and Nifty are seen in the red mark in early trading.
The Sensex is trading at 55,59 with a loss of 355 points, while the Nifty is trading at 20,18 with a decline of 324 points. Let me tell you, yesterday's report on Adani had created a tremendous boom in the market, but by evening, the Adani Group denied that report of Bloomberg. This is the reason why the market is seeing weakness today.
The Market was Back Yesterday:
The stock market has been declining continuously for the last 8 days. The stock market managed to close in the green mark with a good rise as buying returned in banking, IT, pharma and FMCG stocks. The BSE Sensex jumped 448.96 points to cross the 59,59 mark once again.
At the end of trading, the BSE Sensex closed at 411,08.146 points. Similarly, the NSE Nifty also rose well. The Nifty closed at 95,17.450 with a gain of 90.2 points. Sbi shares, which were included in the Sensex, saw the highest rise of 57.50% in today's trading.
Top gainers in the Sensex pack included SBIN, AXIS BANK, TECHM, INDUSINDBK, TCS, HCLTECH, MARUTI, Tata Steel, Tata Motors, KOTAKBANK, WIPRO, NTPC, RELIANCE, BHARTIARTL, BAJAJFINSV, NESTLEIND, BAJFINANCE and Infosys. Out of 50 stocks in the Nifty 45, 5 stocks closed in the rise and 15 closed in weakness. Shares of Adani Enterprises, which were among the Nifty, rose the most by percent.