Market news On December 20, the benchmark Indian equity indices closed in the red. in the market today
After reaching the record high, it directly reversed and collapsed due to strong selling. With this, Sensex and Nifty closed with heavy losses. The midcap index has also closed down by more than 3 percent. There has been a decline in all the sector indices of BSE. Metal, power and auto indices have fallen the most. There has also been pressure on oil-gas, FMCG and IT stocks. At the end of trading, Sensex fell 931 points and closed at 70,506. At the same time, Nifty fell 303 points and closed at 21,150. Nifty Bank fell 426 points and closed at 47,445. While midcap fell 1,488 points and closed at 44,025.
Today there was selling in 46 out of 50 Nifty stocks. At the same time, all 30 Sensex stocks saw a decline. There was selling in 10 out of 12 shares of Nifty Bank. Today the rupee strengthened by 1 paise and closed at 83.17 against the dollar. Today, out of 2600 shares traded on NAC, a rise was seen in 358 shares. While 2,159 shares declined. At the same time, there was no change in 83 shares. Adani Ports, Adani Enterprises, UPL, Tata Steel and Coal India were the top Nifty losers. While ONGC, Tata Consumer Products, Britannia Industries and HDFC Bank were the top gainers of Nifty.
Vinod Nair of Geojit Financial Services says that despite good global signals, sharp and sudden selling was seen in the domestic market in the second half of the trading session today. This is due to profit-booking from the recent sharp rally in the valuations of mid-cap and small cap stocks. The recent rise in crude oil prices has prompted investors to book profits. A decline has been seen in most sectors. FMCG, Banking and IT have seen the least decline.
