New Delhi, July 17(HS): The domestic stock market experienced selling pressure, with both Sensex and Nifty indexes declining after a slight initial increase. Despite efforts from buyers, the indexes could not stabilize, closing with the Sensex down 0.45 percent and Nifty down 0.40 percent. Continuous selling affected various sectors including banking, IT, automobile, and oil and gas, while realty, pharmaceuticals, metals, and consumer durables saw some buying interest. In the broader market, however, the BSE Midcap index rose by 0.07 percent, and the Smallcap index increased by 0.30 percent.

Investor wealth diminished by approximately ₹50,000 crore, resulting in a decrease in market capitalization to ₹460.72 lakh crore from ₹460.26 lakh crore the previous day. A total of 4,199 shares were traded on the BSE, with 2,006 shares closing higher and 2,039 lower. On the NSE, 2,654 shares were traded, resulting in 1,261 higher and 1,393 lower.

Sensex opened at 82,753.53 but soon fell, eventually closing at 82,259.24, dropping 375.24 points due to persistent selling pressure. Nifty opened at 25,230.75 but also succumbed to selling, closing at 25,111.45, down by 100.60 points after minor recovery support. Among blue-chip shares, Tata Consumer Products gained 2.25 percent, Tata Steel rose 1.63 percent, and Hindalco Industries added 1.17 percent, making them the top gainers. Conversely, Tech Mahindra led the declines at 2.75 percent, followed by IndusInd Bank at 1.67 percent, and Infosys at 1.52 percent as today’s top losers.

Hindusthan Samachar / Jun Sarkar