Stock Market Closing: Market closed on red mark, Sensex lost 59 points, Nifty below 17,300

Stock Market: Sensex breaks 1,053 in Mid Session, Nifty loses 265 points

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new Delhi. The Indian stock market once again made a weak start on Wednesday and the selling started in the opening session increased further in the Mid Session. By 12 noon, the Sensex was showing a fall of more than a thousand points.

Investors are booking profits from this morning under the pressure of global factor. This is the reason that the Sensex, which opened on a fall of more than 600 points in the morning, was trading at 55193.91 at a loss of 1,053.37 points at 12 noon. Nifty had also lost 265.10 points to reach 16528.80. Experts had already predicted that the impact of the continuing weakness in the Asian markets will also be seen on the Indian stock.

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Top sellers in these sectors

Investors are booking maximum profits in auto and banking sector stocks. Shares of Maruti Suzuki, Asian Paints and ICICI Bank are top losers, while HDFC Life, Tata Steel and Hindalco Industries are buying. The finance sector saw a decline of up to 2 per cent and the metal sector was up by 4 per cent.

Betting on Dairy Stock

Investors are betting fiercely on the shares of companies that increase the price of milk. Amul and Parag have increased the price of their milk by Rs 2 per litre. Due to this, shares of Dodla Dairy are showing a jump of 3.3 percent, Parag Milk 1 percent, Heritage Food 3.5 percent, Umang Dairy 1.6 percent and Hatsun Agro Products shares 1.4 percent.

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Asian markets also started weak

Trading started with a fall in major stock markets of Asia on Wednesday. Singapore’s exchange saw a decline of 0.78 percent and 1.33 percent in Japan. Trading in Taiwan also started at 0.32 percent loss. Only South Korea’s market saw a rise of 0.06 percent. European markets also closed a day earlier on a fall of about 4 percent.

Tags: Nifty, Sensex, Share market

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