Stock Close: Sensex drops 400 points; FMCG, IT, Pharma stocks fall

Domestic stock markets closed for the second consecutive session. The stock market fell on Wednesday despite heavy buying in PSU Bank shares. Sensex, a 30-share sensitive index of the BSE, lost 400.34 points, or 0.77 per cent, to close at 51,703.83. On the other hand, the Nifty closed at the level of 15,208.90 points with a break of 104.60 points or 0.68 per cent. Talking about the sectoral index, the PSU Bank index saw a jump of six percent. On the other hand, the stocks of Energy, Infra and Auto companies also saw some buying but there was selling in the shares of FMCG, IT and Pharma companies.

Nestle, Asian Paint, Bajaj Finjarv, Maruti Suzuki and HDFC Bank (HDFC Bank) shares closed the biggest losers on the Nifty. On the other hand, shares of Hero MotoCorp, Adani Ports, SBI, PowerGrid and NTPC closed higher.

Sensex, Nestle India, Bajaj Finjarv, Asian Paint, HDFC Bank, IndusInd Bank, Maruti and Doc Reddy's were the biggest losers. At the same time, shares of HDFC, Kotak Mahindra Bank, Sun Pharma, ONGC, Hindustan Unilever Limited, ITC, Bajaj Finance, HCL Tech, Titan, Tech Mahindra, Infosys, ITC, Ultratech Cement, ICICI Bank and Larsen & Toubro closed with a red mark. Happened.

On the other hand, the State Bank of India (SBI) shares on Sensex recorded the highest gain of 2.39 percent. Apart from this, shares of Powergrid, NTPC, Reliance, Bajaj Auto, Axis Bank, Mahindra & Mahindra and Bharti Airtel closed with a green mark.