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Sensex Lost 278 points

It was a kind of ‘Black Monday’ for the stock market. Though the effect was not too high, markets ended on a losing trend. Sensex lost 278 points and Nifty lost 91 points closing at 17, 097 and 5, 201 points respectively.

BSE - Sensex

BSE - Sensex

All sectors were in losses and IT, realty, tech and Metal stocks were hit too badly. A senior business analyst mentioned that overall markets had to face this situation because of the European markets. To add, IT stocks faced 2-3% decline in their value which further worsened the situation. Capital goods and realty sector companies suffered losses due to profit booking.

Sun Pharma, Reliance, ACC, NTPC and ITC were the top Nifty gainers for the day; on the other hand, Reliance Power, Reliance Communications, Reliance Infra, Jindal Steel and Hindalco were the top losers. Hoping that the trend changes tomorrow and brings some money back to the investors!

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