The stock market is trading down.New Delhi:
The stock market has started trading with a slight decline today. The Sensex is trading 123 points down at 66973 in the morning trade and the Nifty is down 32 points at 19800. The local market fell in early trade on Thursday due to the profit of investors amid a strong rally in the stock markets in the last few sessions. The 30-share index fell 171.62 points to 66,925.82 in early trade. Similarly, the broader NSE Nifty fell 48.6 points to 19,784.55. Top losers in the Sensex pack included Infosys, HCL Tech, UltraTech Cement, TCS, Bajaj Finance and Nestle.
On the other hand, Shares of State Bank of India, Sun Pharma, ICICI Bank and IndusInd Bank were trading with gains.
It is noteworthy that on Wednesday, the rise in the domestic stock markets continued for the fifth consecutive trading session and the BSE Sensex climbed more than 302 points to close at its highest level so far. The market was bullish due to continued foreign capital inflows and positive trend in global markets. According to traders, the market was on the rise due to buying in Reliance Industries and ITC, which have a strong stake in the index.
The 302-share index ended 30.0 points or 45.67 per cent higher at a new record high of 097,44.67. This is the first time that the Sensex closed above the 000,376 mark. During the day, it soared 24.67 points to hit an all-time high of 171,38.<>.
Similarly, the broader NSE Nifty rose 83.90 points, or 0.42 per cent, to close at a new high of 19,833.15. During the day, it soared 102.45 points to 19,851.70.
Top gainers in the Sensex pack included NTPC, Bajaj Finance, IndusInd Bank, UltraTech Cement, Bajaj Finserv, SBI, Tata Motors, ITC, Power Grid and Larsen & Toubro. On the other hand, Tata was among the losers.