Stock market falls for fifth day in a row

The stock market fell for the fifth day in a row on January 28. The Sensex was down 535 points and the Nifty was down 150 points. The Sensex fell below 47,000 and the Nifty fell below 13,900. The Sensex ended at 46874.36 and the Nifty closed at 30358.30.

The stock market opened with a loss following negative global signals. The sharp fall brought the Nifty close to 13,700. At the same time, the return from the low level helped to close above 13,800. The Nifty has fallen more than 1,000 points in five trading days.
The Nifty closed 104 points higher at the day’s low of 13,713. The Nifty gained strong support at 13,700 levels. Bank Nifty closed 700 points higher than the day’s lows. Bank Nifty closed at 30,358, down 29,687 points.
Thirty-three out of 50 stocks in the Nifty traded lower. All sectors except Nifty Bank Index lost ground. Nifty IT and real estate indices fell more than 2 per cent.
Shares of Wipro, Maruti Suzuki and Hindustan Unilever fell more than 3 per cent. Axis Bank was the top gainer among Nifty stocks. Axis Bank rose more than 5 per cent.