Stock market tumbles amidst profit booking

profit-and-loss

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.

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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.

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