New Delhi: Domestic stock markets closed in the second trading session of the week after a sharp fall.
Thus, for the second consecutive session, the stock exchanges closed with a red mark. The BSE Sensex closed at the level of 47,705.80 points with a break of 243.62 points i.e. 0.51%. Nifty closed at the level of 14,296.40 points, down by 63.10 points ie 0.44 percent.
UltraTech Cement, HDFC, HCL Tech, Grasim Industries and Shree Cements were the biggest losers on the Nifty. On the other hand, shares of Doctor Reddy's Lab, Bajaj Finjarv, HDFC Life, Bajaj Finance and Bajaj Auto closed with a green mark.
The auto and pharma index saw a rise of one per cent each on the stock markets. At the same time, the IT index declined by more than one percent.
UltraTech Cement shares witnessed the biggest decline on Sensex. Apart from this, HCL Tech, HDFC, HDFC, Tech Mahindra, HDFC Bank (HDFC Bank), Hindustan Unilever Limited (HUL), ITC (ITC), Asian Paint, Infosys ), TCS, SBI, NTPC, NTPC, Kotak Mahindra Bank, ONGC, Titan, Nestle India, Reliance Industries (RIL) and ICICI Bank (ICICI Bank) shares closed with a red mark.
On the other hand, shares of Bajaj Finserve and Doctor Reddy's Lab recorded the highest gains. Apart from these, shares of Bajaj Finance, Bajaj Auto, Mahindra & Mahindra, Maruti, Larsen & Toubro, IndusInd Bank, PowerGrid, Sun Pharma, Bharti Airtel and Axis Bank closed the green mark.
Anand James, Chief Market Strategist at Geojit Financial Services, said, "The announcement of the third phase of the vaccination campaign sparked a new energy in early trading in Dalal Street on Tuesday."
"However, due to profit booking, it reached the red mark in the afternoon session. There was mainly profit-booking in shares of major IT companies," he added.
S Ranganathan, head (research), LKP Securities, said, "The news related to the virus and the vaccine affected investors and the volatile session saw a boom in pharma stocks."
Stocks of cement companies witnessed profit-booking on Tuesday. At the same time, there was a lot of demand for the shares of insurance companies in the market.