Eight-day surge in market ends

Our Corrrespondent

The stock market lost ground on November 12 after eight consecutive days of gains. The Sensex was down 236 points and the Nifty 58 points. The decline was due to high levels of profit booking.

The Sensex closed at 43357.19 points and the Nifty 12690.80 points. The Nifty traded down 120 points during the day. Nifty was down by 12,624 points. The Nifty had risen to 12,741 points during the day.

Shares of banks, which had made a major contribution in the past few days, fell. The Nifty Bank Index fell 1.73 per cent. All stocks in the Nifty Bank Index fell. Bank of Baroda and SBI fell more than 3%.
At the same time, FMCG stocks rose. The Nifty FMCG index was up 1.28 per cent.

Hindustan Unilever, Grasim, Sree Cements, Hindalco and ITC were the top five gainers in the Nifty. Shares of Hindustan Unilever, Grasim and Shree Cements gained over 2 per cent.

The majority of Nifty stocks traded higher. Of the 50 stocks in the Nifty, 26 gained while 24 lost. Shares of SBI, Kotak Mahindra Bank, Coal India, IndusInd Bank and NTPC lost over 2 per cent.