Closing Bell: Market ends marginally lower, snaps two-day winning streak
Last Updated: 9th November 2021 - 04:16 pm
Indian share market closed marginally lower on Tuesday as Sensex closed down by 110 points and Nifty slipped below 18,050.
Domestic benchmark indices snapped their two-day winning streak on Tuesday dragged by losses in HDFC, Bajaj Finance, Kotak Mahindra Bank, Maruti Suzuki, Axis Bank and HCL Technologies. During today's trading session, the Sensex fell as much as 332 points at the day's lowest level and the Nifty 50 index briefly went below its critical psychological level of 18,000. But the markets did make a turnaround and recovered most of their losses by the closing bell on the back of buying interest in Reliance Industries, ICICI Bank, Mahindra & Mahindra and State Bank of India.
At the closing bell on Tuesday, the Sensex was down 112.16 points or 0.19% at 60,433.45, and the Nifty was down 24.20 points or 0.13% at 18,044.30. On the market depth, around 1958 shares have advanced, 1269 shares declined, and 162 shares are unchanged.
Top gainers on a volatile trading session were M&M, L&T, SBI, ICICI Bank and Reliance Industries. Top losers included HDFC twins, Maruti, NTPC and Bajaj Finance.
On the sectoral front, auto and capital goods indices added 1% each, while buying is seen in the power, oil & gas, pharma names. Metal and banking names remained under pressure. In the broader markets, the BSE midcap index was up 0.8% and smallcap index rose 0.67%.
Among the trending stocks of the day, Mahindra & Mahindra rose 5.24% to close at Rs 904 after its profit jumped multifold to Rs 1,929 crore from Rs 136 crore in the year-ago period. Tata Motors, Hero MotoCorp, State Bank of India, ONGC, Reliance Industries, ICICI Bank, Adani Ports, Larsen & Toubro and Divi's Labs also rose between 0.8-1.9%.
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