The Sensex ended 171 points lower at 38,194 points. Similarly, Nifty declined by 39 points to close at 11,278 points. The Nifty was down by 11,185 points during the day.

The Indian stock market started with a loss following the fall in the US stock market on September 8. At no point in the trade did the indices returned a profit.

Whiles 25 shares in Nifty were up 24 shares were down. There was no change in the share price. Tata Steel, Zee Limited, Cipla, Reliance Industries and Grasim Industries were the top five gainers in the Nifty. Tata Steel rose 3.57 per cent. Pharma and metal stocks were the main gainers of the day. The decline was visible in other areas. Bank stocks fell sharply.

SBI, GAIL, Bajaj Finserv, Axis Bank and IOC were the biggest losers in the Nifty. SBI fell 4.90 per cent. Shares of GAIL, Bajaj Finserv, Axis Bank and IOC lost more than 2 per cent each.

The Nifty Bank Index lost 2.1 per cent. The market is mainly looking at a petition before the Supreme Court seeking a waiver of interest during the moratorium period. Concerns over whether the verdict in the case would be adverse led to a fall in bank shares.

The Nifty Pharma Index gained 1.9 per cent. Shares of Biocon, Cipla, Arbindo Pharma, Lupine and Torrent Pharma gained more than 2 per cent each.

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The Sensex closed at 38,212 points on August 10. The Sensex had gained over 38,430 points during trading. The Nifty closed at 11,270. It had touched 11,337 points during the trade. Profit booking did not allow the Nifty to remain above 11,300.

Pharma stocks were the main gainers on the day. Cipla’s quarterly results released on August 7 led to a rise in pharma stocks. Shares of Cipla rose 9.5 per cent on August 10.

Similarly, Nifty rose by 5.5 per cent on the day. Shares of Divis Lab, Cipla, Lupine, Sun Pharma, Aurobindo Pharma and Dr Reddy’s Lab all hit 52-week highs on August 10.

Automobile stocks also gained today. Cipla, Mahindra & Mahindra, L&T, Tata Motors and Sun Pharma were the top five gainers in the Nifty. Mahindra & Mahindra hit a 52-week high.

The top five losers in the Nifty were Eicher Motors, Asian Paints, Maruti, BPCL and Reliance Industries. Eicher Motors lost 2.19 per cent and Asian Paints 1.23 per cent.

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