Stocks closed Lower, PSU Bank, Metal declines

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Today’s market closed lower with the Sensex concluding 127 points down at 40,675, while the Nifty50 index of the NSE closed 54 points lower at 11,994 led by losses in HDFC Bank, Axis Bank, and IndusInd Bank.

Among stocks, BajajAuto, Tata Consultancy Service, Bajaj Finserv, Kotak Bank and Infosys were the top gainers on the Nifty-fifty, while telecom stock Bharti Infratel, along with Yes Bank, Adani Ports, and Zee Ent led the losses. Get Free stock Tips visit our website.

Bajaj Auto, Bajaj Finseve, TCS, Kotak Bank, and Infosys were the major gainers in the Nifty, while YesBank, Bharti Infratel, Tata Steel, Adani Ports and Zee Ascertainment were top losers.

Entire sectoral indices, excluding Nifty Realty and IT, closed the day with selling pressure. Major falls were seen in the PSU Bank, metal, Auto. Public sector banking index (PSU) slipped ground by 2.86%, subsequently the Nifty Metal index which declined by 2.6% and Nifty Media, down and 2.3% each. Shares of Bank of India, Union Bank, Jammu&Kashmir Bank, PNB and Syndicate Bank, were down between 4 to 5.5%.

The popular Bank Nifty index also slipped 0.8%, along with Nifty Pharma which slipped 1%. On the upper side, Nifty Realty rose 1.3% and Nifty IT went up 0.5% for the day. To more update Stock Tips click on the following link .

Metal stocks slipped 2.6% on the uncertainty prevailing to the US-China trade deal. Tata Steel, Jindal Steel& Power, JSW Steel, SAIL, and Vedanta declined between 3 to 7%.

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