Stock market falls for third day

The stock market fell for the third day in a row. On January 25, the Sensex was down 530 points and the Nifty was down 133 points. The Sensex closed at 48347.59 and the Nifty at 14238.90.

Trading started with gains on the back of global signs, but the market saw a reversal. The Nifty rose to 14,491 points in the morning trade.

Today, the market was very volatile. The Nifty declined by over 250 points during the trade. The Nifty fell by 14,218 points.

Reliance Industries, which has the highest weightage in the Nifty, was the biggest loser. Shares of Reliance fell 5.6 per cent. Reliance had released its third quarter results the other day.

On a sector-wise basis, technology stocks were the biggest losers. The Nifty IT index fell 1.7 per cent. At the same time, the Nifty Pharma Index rose 1.7 per cent on the back of gains in shares of Aurobindo Pharma. Shares of Aurobindo Pharma rose 7.87 per cent.

Most stocks in the Nifty lost ground. Out of 50 stocks in the Nifty, 31 lost. Grasim was the biggest gainer among the Nifty stocks. Grasim shares rose 5.87 percent.