Talking about sectoral indices, except Nifty Oil & Gas and Nifty Metal, all other indices like Realty, Pharma, Auto, Media, IT and FMCG are trading in the red.
The decline in business so far is limited to large cap and midcap stocks while a rise has been seen in small stocks. Till the time of writing the news, Nifty Midcap 100 index was at 49,614 points with a slight decline of 59 points or 0.12 percent. At the same time, the Smallcap 100 index was at 16,398 points with a rise of 31.35 points or 0.19 percent. On NSE, 1275 shares were in green mark and 731 shares were in red mark.
L&T, Asian Paints, HUL, HDFC and UltraTech Cement were the top losers among Sensex stocks. Whereas Tata Steel, Maruti Suzuki, JSW Steel, SBI and Reliance were among the top gainers.
The decline in the market is also due to selling by foreign investors. In the trading session so far in the month of May, FIIs have sold Rs 9,194 crore. V.K., chief investment strategist, Geojit Financial Services. Vijayakumar said that due to uncertainty regarding the election results, pressure is being seen in the market.
Yesterday, the Sensex based on 30 shares, after losing its initial gain, closed at 73,511.85 points with a fall of 383.69 points or 0.52 percent. At the same time, Nifty of National Stock Exchange also closed at 22,302.50 points with a decline of 140.20 points or 0.62 percent.
According to stock market data, foreign institutional investors (FIIs) were net sellers in the capital market. He sold shares worth a net Rs 3,668.84 crore on Tuesday.
