Heavy selling was witnessed in the Indian stock market for the second consecutive trading session on August 27. After day-long fluctuations, both the main indices of the market closed in the red. Banking, auto and IT stocks had a major role in today’s fall, due to which investors lost crores of rupees.
At the end of trading, the 30-share Sensex of Bombay Stock Exchange closed at 76,933.59, down 539.35 points or 0.70%. At the same time, Nifty 50 of National Stock Exchange also fell by 116.90 points (0.48%) to 24,090.85. Market breadth also remained negative today. The selling in the market in Bombay Stock Exchange can also be gauged from the fact that a total of 2,392 shares closed with a decline, while 1,736 shares rose and 167 shares remained stable without any change.
Most falling shares
The decline was led by Hindalco Industries, HDFC Bank (-1.75%), Mahindra & Mahindra (1.65%), HCL Technologies (-0.99%) and Shriram Finance. Apart from this, pressure was also seen in NTPC (-1.58%), Indigo (-1.17%), Airtel (-0.86%), SBI (-0.75%), ITC (-0.74%) and Reliance (-0.73%).
These shares registered a rise
Despite the fall in the market, good buying was seen in Kotak Mahindra Bank (+1.84%), Adani Ports (+1.33%), Tech Mahindra (+1.27%), ICICI Bank (+1.20%), Asian Paints (+0.93%), Titan (+0.89%), Bharat Electronics (BEL +0.77%), Sun Pharma (+0.56%), Cipla and Adani Enterprises.
List of top gainers and top losers of Sensex
| top gainer share | shift | top loser stock | shift |
| Kotak Mahindra Bank | +1.84% | HDFC Bank | -1.75% |
| Adani Ports | +1.33% | Mahindra & Mahindra | -1.65% |
| Tech Mahindra | +1.27% | NTPC | -1.58% |
| ICICI Bank | +1.20% | Indigo | -1.17% |
| Asian Paints | +0.93% | HCL Technologies | -0.99% |
Situation of sectoral index
In today’s trading, consumer durables and pharma sectors made some efforts to control the market and these indices closed with gains of about 1% each. On the other hand, Media, Metal, Oil & Gas, PSU Bank, Auto and FMCG sectors closed 0.4% to 0.9% lower. Midcap and smallcap indices also remained untouched by the selling pressure and closed with a slight decline. Analysts believe that there is pressure in the Indian market due to mixed signals from the global market and profit booking in big stocks.
