- Closed down 306 points on Monday, 560 on Friday and 318 points on Thursday.
- 5.6% in Bajaj Finserv’s share, 3% loss in HDFC Bank
- Yas Bank’s stock jumped 9.5%, Hindalco and Indigo rose 3.4-3.4 percent
Mumbai. The stock market closed with loss in the third consecutive session on Monday. The Sensex slipped 305.88 points to close at 38,031.13. Nifty closing was at 73.10 points below 11346.20. The Sensex closed 560 points on Friday and ended 318 points down on Thursday. Thus, the loss of three sessions has resulted in loss of Rs 4.37 lakh crore to investors. The market cap of BSE listed companies has soared to Rs 144.76 lakh crore.
Decreased domestic and foreign signals slumped
According to experts, due to lack of relief from the government on tax surcharges, foreign investors sharpened the sale. Centrally affected by weak monsoon and companies’ quarterly results are not encouraging. Other Asian markets also did not get good signals. According to Sunil Sharma, Chief Investment Officer of Sankham Wealth Management, investors are concerned about the sluggishness of the economy.
Financial Services Index at NSE rolled 2.57%
Of the 30 Sensex scrips and 23 out of 50 Nifty closed, the shares closed. NSE out of 11 sectors out of index index losses The Financial Services index dropped by 2.57%. Media Index on the other hand remained 1.75% in profit
Nifty’s top 5 losers
Nifty’s top-5 ganners
|Indiabulls Housing Finance||3.08%|