Stock market slips for third consecutive session
The Indian stock market closed in the red on Tuesday’s trading session. This was the third consecutive trading session when the market witnessed a decline. At the end of trading, the Sensex was down 636.24 points or 0.78 percent at 80,737.51 and the Nifty was down 174.10 points or 0.70 percent at 24,542.50.
These stocks fell the most
On a sectoral basis, IT, PSU Bank, Financial Services, FMCG and Energy were the biggest falling indices. Midcap and Smallcap performed better than Largecap. The Nifty Smallcap 100 index was up 18.60 points or 0.10 percent at 18,114 and the Nifty Midcap 100 index was down 258.45 points or 0.45 percent at 57,517.
Top Losers and Gainers on June 3
29 out of 30 stocks in the Sensex pack closed in the red. Bajaj Finserv, Bajaj Finance, Power Grid, Eternal (Zomato), IndusInd Bank, Maruti Suzuki, NTPC, TCS, UltraTech Cement, Axis Bank, Tata Steel, Tata Motors and L&T were the top losers. Only M&M closed in the green.
In early trade, Bank Nifty made a new all-time high of 56,161.40. This was the first time that the main banking index traded above the 56,000 mark.
However, the initial gains did not last long. The index declined after morning trade. At the end of the session, Nifty Bank was down 303.45 points or 0.54 per cent at 55,599.95.
