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Sensex gives up 35,000, Nifty below 10,550; banking stocks crack


It’s a negative end for the Market for this week as tomorrow is a trading holiday on account of Guru Nanak Jayanti.
The Nifty has given up 10,550-mark.
Private banks were major contributors to the Nifty Bank’s underperformance. Telecom pack, too, saw some pressure. Vodafone Idea sheds the most.
Among sectors, financials, consumption, energy, metals and pharma saw the most losses, while selling was visible in the midcaps space.
Adani Ports, TCS, and Zee Entertainment were the top gainers, while M&M, Tata Steel, and Grasim lost the most.
At the close of market hours, the Sensex was down 218.78 points or 0.62% at 34981.02, while the Nifty was lower by 73.20 points or 0.69% at 10526.80. The market breadth was negative as 1093 shares advanced, against a decline of 1489 shares, while 153 shares were unchanged.
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Source:https://www.moneycontrol.com/news/business/markets/an-evening-walk-down-dalal-street-sensex-gives-up-35000-nifty-below-10550-banking-stocks-crack-3209821.html


This post first appeared on Stock Market Tips And Updates, please read the originial post: here

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Sensex gives up 35,000, Nifty below 10,550; banking stocks crack

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