Stock market tumbles amidst profit booking
The stock market saw a decline on the fourth trading day of the week, i.e. Thursday (November 17). The Sensex closed at 61,750 with a fall of 230 points. The Nifty slipped 65 points to reach the level of 18,343. 22 out of 30 Sensex stocks saw a decline. At the same time only 8 stocks were in the green.
Titan-Tata Motors Slip
Tata Consumer, Adani Enterprises, LT, Power Grid, HDFC Life, ICICI Bank, Bharti Airtel including 13 stocks were top Nifty gainers. Titan, M&M, Tata Motors, Eicher Motors, Apollo Hospitals, Hindalco, Maruti, Grasim, Dr Reddy, Bajaj Auto were among the 37 losers on the Nifty.
Bank and auto sector decline
At the same time, 9 out of 11 sectoral indices of NSE saw a decline. Bank, Auto, Financial Services, IT, Metal, Pharma, Private Bank, FMCG and Media sectors declined. Only PSU bank and realty sector saw a boom.
