Selling trend in the market before Bakri Eid holiday, closing with loss

Mumbai. Before the Bakri Eid holiday, on Tuesday, July 20, there was a selling trend in the Indian stock market. The effect of this continuous selling was that at the end of today’s trading day, both the main indices of the stock market closed with heavy losses. Be aware that this is the second day in a row that the market has suffered losses.

At the end of today’s trading day, the Bombay Stock Exchange (BSE) main index Sensex closed at 52,198.51 with a loss of 354.89 points. If we talk about the percentage, then there was a loss of 0.68 percent in the Sensex today. On the other hand, the National Stock Exchange’s (NSE) 50-company index Nifty ended its day at 15,632.10 today, losing 120.30 points and 0.76 percent. 40 out of 50 stocks of Nifty and 21 out of 30 of Sensex closed at loss.

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The two companies, Clean Science & Technology and GR Infraprojects, which were listed yesterday on 19th July, did well today and continued their bumper opening today. The share of GR Infraprojects closed at 1,709.05 today, while the share of Clean Science and Technology ended its trading day at a positive level of 1,731.00. Asian Paints was the highest profit giving stock in the market today, which gave gains of around 6 per cent on both NSE and BSE indices.

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There are many reasons responsible for today’s fall in the stock market. First of all, the selling trend which prevails before the festivals, continues even today. Ahead of tomorrow’s Bakri Eid holiday, there was a heavy selling trend today. The second reason, the events happening in the global markets were also responsible for today’s loss.

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