The domestic stock market closed with a sharp decline on Tuesday due to negative signals from the domestic economy and foreign markets. The major index has seen a decline of around 2% due to sharp decline in banking stocks. In Tuesday’s trade, the Sensex lost 661 points to close at 36033 and the Nifty fell 195 points to 10607. Private banks suffered the most during the business. The pharma sector was the only major sector to close.
In today’s trade, the index of private banks closed down by 3.27 per cent. Public sector banks declined by 3.02 percent. The entire banking sector index closed down 3.08 percent. The auto sector index fell 2.52 percent, the metal sector index fell 2.54 percent. With this, the power sector index closed 1.76 percent down, the realty sector index fell 1.68 percent and the IT sector index fell 1.14 percent. Today, the pharma sector index closed up 0.41 percent
