New Delhi. The stock market is witnessing a steady decline. Even today, due to the fall in the US markets, the Indian stock market is getting impacted. In fact, the market is witnessing a decline in the US Parliament due to the passing of the Kovid Relief Package. At the same time, the increase in bond yield has also been the reason for this. According to experts, the market may continue to decline in the coming days. The banking sector is witnessing a big decline. At the same time, due to increase in Brent crude oil, the oil sector is seeing a boom.
Market continues to fall
Even today, the stock market is witnessing a decline. The Bombay Stock Exchange’s flagship index Sensex is trading at 50,585.82 points, losing 260.26 points. While the National Stock Exchange’s leading index Nifty 50 is trading at 15,002.85 points with a drop of 77.90 points. The BSE Small Cap is seeing a gain of 125.61 points. While the BSE Mid-Cap is trading at 14.59 points and the Foreign Investors Index with a fall of 18.50 points.
Decline in all except oil
The banking sector is witnessing a big decline. Bank Exchange is trading with a loss of 680.28 and Bank Nifty by 621.20 points. Capital Goods 255.17, BSE Metal 213.92, BSE Healthcare 159.85, Consumer Durables 77.10, BSE Auto 42.14, BSE FMCG 37.80, BSE IT 53.93, BSE PSU 32.96 and Tech are getting 36.26 points. Due to the rise in the price of crude oil, the oil and gas sector is seeing a gain of 229.45 points.
Oil companies gain momentum
Today, stocks of oil companies are seeing a boom. ONGC 4.39 per cent, GAIL India 2.98 per cent, Bharat Petroleum Corporation 1.37 per cent, Indian Oil Corporation 0.79 per cent and Mahindra and Mahindra 0.71 per cent are doing business. On the other hand, when talking about the declining shares, IndusInd Bank 2.51 per cent, ICICI Bank 1.71 per cent, State Bank of India 1.69 per cent, Wipro 1.61 per cent and Tata Motors are seeing a decline of 1.27 per cent.