Government’s economic booster dose also could not stop profit recovery in market, Sensex Nifty closed with downward trend

By Anupreet Kaur On Nov 12, 2020

new Delhi. Today, Nirmala Sitharaman announced the third booster dose of 2.65 lakh crore rupees to the country’s economy. Even after that, profit recovery dominated the stock market. Due to which the Sensex and Nifty closed with a fall. Banking, IT, metal and oil sectors witnessed declining environment. Capital goods, FMCG sector and small and mid cap have seen a boom. Let me tell you that after 8 consecutive trading days the market has seen a decline.

Also read: 2.65 lakh crore booster dose to Indian economy of central government

stock market crash
The stock market closed today after eight trading days. The Bombay Stock Exchange’s flagship index Sensex lost 236.48 points to end at 43357.19 points. While the National Stock Exchange’s major index Nifty lost 58.35 points to close at 12690.80 points. BSE Small Cap 183.09 and BSE Mid-Cap 77.73 points were seen. On the other hand, CNX Midcap index of foreign investors also closed with a gain of 107.90 points.

Also read: Gold and silver became expensive a day before Dhanteras, know how much price

Big fall in banking sector
Talking about sectoral index, the bank exchange closed down by 679.55 points. While the Bank Nifty closed with a loss of 566.20 points. BSE IT 57.62, BSE Metal 22.32, Oil and Gas 39.01, BSE PSU 51.42 and Tech were down 21.52 points. While the Capital Goods and BSE FMCG sectors closed up by 208.11 and 158.04 points respectively. Consumer durables 21.49, BSE Healthcare 87.26 and Auto Sector 87.38 points were seen.

Also read: Decline in stock market due to weak factors of global markets

Rising and falling shares
Shares of Grasim Industries and Hindustan Unilever have gained 3%. Shree Cements has gained 2.51 per cent, Hindalco Industries 2.23 per cent and ITC 1.46 per cent. While State Bank of India 3.16 per cent, Coal India 2.98 per cent, Kotak Mahindra Bank 2.94 per cent, IndusInd Bank 2.38 per cent and NTPC shares declined by 2.26 per cent.