Heavy fall in stock market today, Sensex fell 133 points and closed at 65,660.
The Indian stock market witnessed a decline on the first day i.e. Monday (20 November). The Indian stock market fell due to heavy selling in banking, midcap and smallcap stocks. At the end of today’s session, BSE Sensex fell by 133 points and closed at 65,660. Whereas NSE’s Nifty fell by 37 points and closed at 19,694 points.
the market came to a standstill
Earlier on Friday, the Sensex had closed at 65,794.73 points with a fall of 187.75 points or 0.28 percent. Nifty closed at 19,731.80, down 33.40 points or 0.17 per cent. If we talk on weekly basis, the market has been witnessing a surge for three consecutive weeks. The continuous rise in the market has stopped since the last day of last week.
These big stocks remained in loss
Shares of financial and auto sectors fell the most in trading on the first day of the week. If we look at the Sensex shares, the biggest loser was Bajaj Finance, which fell by more than 2 percent. Bajaj Finserv also fell by more than 1 percent. Shares of Mahindra & Mahindra were down about 2 percent and shares of Tata Motors were down about 1 percent. The prices of UltraTech cement decreased by about one and a half percent.
IT stocks provided significant support
On the other hand, the price of Bharti Airtel was up by about 1.75 percent. Shares of HCL Tech and Wipro also rose by more than 1 percent. The rise in IT shares today curbed the market’s decline. TCS and Tech Mahindra also saw a rise in prices. Infosys was the only minor loser among major IT stocks.