Stock Market Today: On account of weeked profit-booking, the Indian indices closed around 1 per cent lower from its Thursday close. The BSE Sensex crashed 412 points and closed at 37,897 levels while the NSE Nifty tanked 122 points after closing at 11,178 mark. Bank Nifty nosediveed 503 points and closed at 21,693 levels. Shares of auto, banking and finance, PSUs and telecom secotr were among the major losers in the intraday trade session.
Speaking on the current market scenario Avinash Gorakshkar, Head of Research at Profitmart Securities said, “Currently, market is moved by the quarterly results being announced by various listed companies. That’s why there is slow movement in the Indian indices. As far as today’s losses are concerned, it is because of the weeked profit booking. NSER Nifty has managed to close above 11,100 which is enough to placate bulls of the market.
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Shares of Rail Vikas Nigam Limitred or RVNL, Ashoka Buildcon, Phoenix Mills, Suzlon Energy, Birlasoft, Linde India, Blue Star, Advanced Enzyme Tech and Jamna Auto Industries were among the major gainers in the intraday trade session while shares of Eicher Motors, Mahindra Holidays, Balkrishna Industries, Rain Industries, Magma Fincorp and Yes Bank were among the leding losers on Friday.