The market closed with a decline on September 2, attributed to weakness in auto and pharma stocks. The Sensex fell by 206.61 points to close at 80,157.88, and the Nifty dropped by 45.45 points to end at 24,579.60. Out of 3,130 shares traded on the NSE, 1,909 registered gains and 1,132 saw declines.
Stock Market Closing: Today, on September 2, the stock market could not sustain its initial rally due to weakness in the auto and pharma sectors. The Sensex closed 206.61 points, or 0.26%, lower at 80,157.88, while the Nifty closed 45.45 points, or 0.18%, down at 24,579.60. A total of 3,130 shares were traded on the NSE, of which 1,909 closed with gains and 1,132 closed with declines, while 89 shares remained unchanged. This market decline reflects investor caution and sector-specific weakness.
Sensex and Nifty Performance
Today, the Sensex closed at 80,157.88, marking a decline of 206.61 points or 0.26 percent. Similarly, the Nifty closed at 24,579.60, down by 45.45 points or 0.18 percent. Both the Sensex and Nifty had shown positive signs during the early trading session but failed to maintain the market's strength.
NSE Trading Details
A total of 3,130 shares were traded on the National Stock Exchange (NSE) today. Of these, 1,909 shares closed with gains. Meanwhile, 1,132 shares closed with declines, and the prices of 89 shares remained unchanged. This data indicates that the market experienced volatility, and investors showed caution.
Weakness in Auto and Pharma Sectors
The primary reason for the market's decline today was the weakness observed in auto and pharma sector stocks. Some major auto companies' shares faced pressure, negatively impacting the index. In the pharma sector, selling pressure was also seen in the shares of certain drug companies.
Experts believe that this market weakness was specific to the session and is unlikely to persist long-term. Investors exercised caution due to perceived risks and did not engage in sufficient buying to sustain the rally.
Top Gainer and Loser Stocks
Today's top gainers included shares of prominent companies such as Reliance Industries, Tata Consultancy Services, and Infosys. Conversely, top loser stocks included Maruti Suzuki, Dr. Reddy's, and HCL Tech. Thus, today's session was mixed, with some companies providing profits to investors while others experienced selling pressure.
