Leaders Online Desk: The Indian stock market fell for the fourth session on Thursday (18). Initially there was a boom and then a decline. Investors turned to profit booking in the market today. Due to this Sensex, Nifty fell. The Sensex closed down 454 points at 72,488. While the Nifty settled at 21,995 with a decline of 152 points. Markets have been volatile amid tensions in the Middle East and corporate earnings season. (Stock Market Closing Bell)
Pharma, banking and consumer sectors remained weak. Except for Telecom and Media, all other sectoral indices closed in the red. The BSE midcap index fell 0.3 percent and the smallcap index closed flat.
Initial position in the market
After 3 consecutive sessions of selling in the market, some buying was seen in early trade on Thursday. But after that there was an ups and downs. Sensex rose 350 points to 73,300 in morning trade. While Nifty traded at the level of 22,250. (Stock Market Updates) But after that the market fell due to increase in sales. Initially, buying was seen in the mid and small cap sectors. The market was initially supported somewhat by gains in PSU Bank, metals and realty shares.
'This' shares top losers
The Sensex opened at 73,183 today. It fell below 72,700 at market close. Nestlé India shares were the top losers on the Sensex. The stock fell over 3 percent to Rs 2,452 today. Shares of Axis Bank also fell 3 percent to Rs 1,019. Titan, IndusInd Bank, NTPC, ICICI Bank, Tata Motors, Ultratech Cement, ITC, IndusInd Bank, Maruti declined by 1-2 percent. Meanwhile, shares of Bharti Airtel, Power Grid, Infosys remained bullish.
The Nifty 50 index had opened at 22,212. After that it fell below 22 thousand. Top losers on Nifty were Apola Hospital, Titan, Nestle India, Coal India, ONGC. These shares fell between 3 and 4 percent. While the shares of Bharti Airtel, Power Grid, Bajaj Auto remained bullish.
'Nestle' hit, shares fell, why?
Two of Nestlé's best-selling baby food brands in India have been found to be high in sugar, according to an investigation by Public Eye. Whereas in Britain, Germany, Switzerland and other developed countries, these products are sugar-free. Shares of Nestlé fell over 3 percent on the BSE Sensex after the news. This weakened the FMCG index.
Infosys boom
India's second largest IT services company Infosys will announce its fourth quarter results today. Immediately, Infosys shares traded higher. Shares of Infosys rose to Rs 1,444. The shares were trading at Rs 1,423 in afternoon trade.
Read this:
