Stock market decline before budget: On the first day of the trading week, the stock market fluctuated and the market closed in the red zone. The Sensex on BSE closed at 80,522.29 with a decline of 82 points. At the same time, the Nifty on NSE closed at 24,511.10 with a decline of 0.08 percent. Indian stock markets declined on Monday, due to weak quarterly results of Reliance Industries and Wipro and increased volatility in the market a day before the Union Budget.
Rashtriya Chemicals, FACT, Indian Hotels, and NBCC were among the top gainers in today's trading. Whereas, Wipro, Tejas Networks, Phoenix Mills, and Intellect Design were among the top losers.
- The BSE Midcap Index gained 1 per cent, while the Smallcap index gained 0.7 per cent.
- HDFC Bank, Hindustan Aeronautics, Mazagon Dock, Reliance Industries, and Rail Vikas Nigam were among the most active stocks on NSE.
- On the sectoral front, auto, capital goods, healthcare, metal, and power indices gained 1 per cent each, while selling was witnessed in bank, IT, realty, and FMCG.
- The Indian rupee closed stable at 83.66 per dollar on Monday, while it had closed at the same level on Friday.
opening market
On the first day of the trading week, the stock market opened in the red zone. Sensex on BSE opened at 80,227.85 with a fall of 376 points. Nifty on NSE opened at 24,445.75 with a fall of 0.35 percent.
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