Sensex closed down 346 points at 83,190: Nifty closed down 121 points at 25,355; Heavy selling in banking, IT and FMCG

On Thursday (July 10), the fourth trading day of the week, the Sensex fell 346 points to close at 83,190. Nifty fell 121 points to close at 25,355. Out of 30 Sensex stocks, 22 fell and 8 rose. Shares of BEL, Airtel and Asian Paints fell 2.6%. Shares of Maruti, Tata Steel and Bajaj Finance closed up 1.3%. Out of 50 Nifty stocks, 38 closed down while 12 rose. NSE’s banking, IT, FMCG and healthcare sectors fell up to 1%. Shares of metal, realty and consumer durables closed up. Due to rise in global market, domestic investors bought shares worth ? 921 crore on 9 July; stock market had fallen by 176 points yesterday; on the third trading day of the week, Wednesday, 9 July, Sensex closed down by 176 points at 83,536. Nifty also fell by 46 points and closed at 25,476. Out of 30 Sensex stocks, 17 declined and 13 rose. Tata Steel, HCL Tech, Tech Mahindra and Reliance closed down by 2%. Bajaj Finance, UltraTech Cement and HUL closed up by 1.5%. Out of 50 Nifty stocks, 29 fell and 21 closed up. NSE Metal Index closed down by 1.40%, Realty by 1.49%, Oil & Gas by 1.25% and IT by 0.78%. There was a decline in Auto, FMCG, Pharma and Consumer Durables. —————————- Read this news related to the market as well 10th July is important for the stock market: This day can decide the next direction of Nifty, 5 big triggers that will affect the market 10th July is going to be important for the stock market for the week starting from tomorrow. According to Harshub Shah, Director of Wealth-View Analytics, this day can decide the next direction of the market. At the same time, he has mentioned some special times and levels in his weekly market report. Apart from this, India-US trade deal, first quarter results of companies, buying and selling of foreign investors and technical factors will decide the market movement. Let’s understand what can happen in the market this week… Read the complete analysis…

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