Share Market Closing on 20 November: The domestic market made a bad start to the new week with losses on Monday. After the end of trading on Monday, both the major indices BSE Sensex and NSE Nifty recorded a decline. In this way, the sequence of losses which started on the last day of last week i.e. Friday, continued for the second consecutive day today. There was more pressure on auto and financial stocks in today’s trading.
The market was in so much loss today
Both the major domestic indices Sensex and Nifty started the trading on the first day of the week with a decline. The Sensex opened with slight loss at 65,787.51 points. The market remained in the red mark most of the time during the entire day’s trading. At one time the Sensex had fallen below 65,550 points. After the end of trading, the Sensex closed at 65,655.15 points with a loss of 139.58 points or 0.21 percent.
Nifty also started trading with a decline and remained in loss almost the whole day. After the end of trading, Nifty closed near 19,695 points with a loss of about 37 points.
The continuous rise of the market has stopped
Earlier on Friday, the Sensex had closed at 65,794.73 points with a loss of 187.75 points or 0.28 percent. Nifty stood at 19,731.80 points with a loss of 33.40 points or 0.17 percent. Talking on weekly basis, the market has been registering a rise for three consecutive weeks. The continuous rise in the market has come to a halt since the last day of last week.
These big shares remained in loss
Shares of financial and auto sectors were the biggest losers in the trading on the first day of the week. If we look at the Sensex shares, the biggest loser was Bajaj Finance, whose price fell by more than 2 percent. Bajaj Finserv also suffered a loss of more than 1 percent. Mahindra & Mahindra shares lost about 2 percent and Tata Motors lost about 1 percent. The price of UltraTech cement fell by about one and a half percent.
IT shares provided important support
On the other hand, the price of Bharti Airtel was in profit of about 1.75 percent. Shares of HCL Tech and Wipro also gained more than 1 percent each. The rise in IT shares curbed the market decline today. There was also a rise in the prices of TCS and Tech Mahindra. Among the big stocks of IT sector, only Infosys was in slight loss.
Also read: Indian retailers invest the most money here, not multibaggers, this is the history of the last decade