The domestic stock market opened with a decline on the first day of the week amid a decline in global markets. The benchmark index Nifty and the Sensex fell more than one percent during the day trading. Talking about the market situation at 3.30 pm, the stock market closed down with a decline of more than 800 points. While the Nifty closed at 22,817 points with a decline of 274 points.
Kadako before budget
Earlier, the Indian stock market closed down for the third consecutive week. The market has declined due to concern over the results of the third quarter of domestic companies and uncertainty arising out of American trade policy. The budget will be presented at the end of this week. However, there is a decline in the market. Union Budget 2025 will be presented on 1 February.
Market closed with decline
The special thing is that poor global signals spoiled the market mood. The Sensex and Nifty closed over 1%. Midcap and smallcap stocks saw heavy selling. The smallcap index closed over 3.5%. All sectoral indices of BSE declined, with IT, metal and pharma index the most. There was pressure on energy, oil-gas and realty shares.
Top shares and lost shares
The Nifty was the top decline in Tech Mahindra, Wipro, HCL Technologies, Power Grid Corp, Bharti Airtel. While ICICI Bank, Britannia Industries, SBI, M&M, HUL were the top gainers in Nifty. Sensex declined 26 out of 30 shares while 46 out of 50 shares of Nifty declined. On the other hand, all 10 shares of the Nifty Bank closed down.
