The stock market continued to fluctuate strongly. The Nifty closed below 11,350 on September 8. This indicates that the market will continue to be weak for a short period of time.
The Sensex fell by 52 points to close at 38,365.35 points. The market witnessed sharp fluctuations throughout the trading session. The market was up in the morning but the subsequent fluctuations led to losses.
Similarly, the Nifty ended 37 points lower at 11,317.40. It was up 11,437 points during the trade. But then it fell to 150 points. The Nifty is currently trading at 11,291 points.
Thirteen Nifty stocks rose points while 37 stocks declined. BPCL, HCL Tech, Infosys, Reliance Industries and Wipro are the top five gainers in the Nifty. BPCL rose 2.75 per cent. IT stocks were the biggest gainers on the day. The decline was visible in other areas.
Infratel, Zee Limited, Tata Motors, Hindalco and Tata Steel were the biggest losers in the Nifty. Infratel fell 8.14 per cent. Shares of Zee Limited, Tata Motors, Hindalco and Tata Steel lost more than 3 per cent each.
Metal stocks fell sharply. The Nifty Metal Index lost 3 per cent. Shares of Jindal Steel, SAIL, NMDC and National Aluminum fell more than 40 per cent.
