Stock market closes at a loss

The stock market fell on the back of booking of profits. The Sensex was down 110.02 points and the Nifty 18 points. Attempts to keep the Nifty above 13,000 did not bear fruit.

 

At the same time, midcap and small cap stocks performed differently. The Nifty Midcap Index was up 2.70 per cent and the Nifty Smallcap Index was up 3.39 per cent.

 

The stock market, which has been booming for the past few days, is setting a new record. But the gain on November 26 could not be sustained the next day. The Nifty was down 115 points during trading.

 

The lowest that the Nifty reached during the day was 12,914 points today. The Sensex closed at 44,149 points and the Nifty at 12,969 points.

 

Auto and media stocks were the main gainers on the day. IT stocks fell. The Nifty Auto Index was up 1.41 percent.

 

Most stocks in the Nifty declined. Out of the 50 stocks in the Nifty, 34 stocks lost while 16 stocks gained. Shares of Nestle India, Powergrid, JSW Steel, Shree Cements, HCL Tech, ONGC and Hindalco lost over 2 per cent.

 

The top five gainers were Tata Motors, Asian Paints, Hero Motors, Divis Lab and Bajaj Auto. Tata Motors gained 2.83 per cent.