The domestic stock market closed in the red on Tuesday, the very next day of the rise in the last session. Bombay Stock Exchange’s benchmark BSE fell by 67.3 points and closed at the level of 78,472.87. Similarly, Nifty of National Stock Exchange (NSE) closed at the level of 23727.65 with a fall of 25.8 points. During trading, Power Grid Corp, JSW Steel, SBI Life Insurance, IndusInd Bank and Grasim Industries were seen as top losers on Nifty, while Tata Motors, Adani Enterprises, Eicher Motors, BPCL and ITC were among the gainers.
There was decline in these sectors
Talking about sectoral indices, buying was seen in Auto, FMCG, Oil and Gas, Pharma, Realty, while selling was seen in IT, Media, Metal, PSU Bank. The BSE Midcap index closed on a flat note, while the Smallcap index was up 0.3 per cent. Nifty Metal was the biggest laggard with a fall of 0.83%. Nifty Auto stock closed in the green with a gain of 0.57%. Market experts expect this limited momentum to continue early next month ahead of the corporate earnings season.
Global stock market today
Global markets remained bullish on Tuesday. Chinese markets gained more than 1%. Markets in the US will close at 1 pm Eastern Time on Tuesday on Christmas Eve and will be closed on Wednesday for Christmas. In early European trading, Britain’s FTSE 100 rose 0.4% to 8,132.66 and the CAC 40 in Paris rose 0.5% to 7,311.46. Markets remained closed in Germany.
S&P 500 futures were up 0.1% and the Dow Jones Industrial Average was flat. Japan’s benchmark Nikkei 225 fell 0.3% to 39,036.85. The Hang Seng in Hong Kong rose 1.1% to 20,098.29 and the Shanghai Composite Index rose 1.3% to 3,393.53.
Latest Business News