Business
By Amit - January 25, 2023
37 minutes ago
The Indian stock market is seeing a huge decline on the third trading day of the week, i.e. Wednesday (January 25). The Sensex is trading at 60,331, down 648 points. At the same time, Nifty is trading at 18,118 with a decline of 197 points. Out of 30 Sensex stocks, 25 are seeing a decline. There is a boom in only 5 stocks.
Adani Ports fell by over 6% and SBI by over 4%
Adani Ports (6%), SBI (4%), Adani Enterprises, HDFC Bank and IndusInd Bank including 42 stocks of Nifty-50 are seeing a decline. On the other hand, 8 Nifty stocks including Maruti, Hindustan Unilever, Hindalco, Bajaj Auto and Hero MotoCorp are up.
PSU bank sector declined the most by 3.42%
Out of 11 sectoral indices of SE, 10 are seeing a decline. The PSU bank sector declined the most by 3.42%. The Bank and Financial Services sector is showing a decline of more than 2%. Media, Pharma, Private Bank and Realty Sector has fallen more than 1%. FMCG, IT and metal sectors also declined. Only a slight increase is visible in the auto sector.
The stock market closed in a hurry on Tuesday
Earlier, on the second trading day of the week, i.e. Tuesday (January 24), there was a boom in the stock market. The Sensex closed at 60,979, up 38 points. At the same time, the Nifty flat closed at the level of 18,118.
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