Why did the Indian stock market fall today? Know which stocks remained strong and which slipped. Why Indian stock markets close in red prices Sensex slips 388 points and Nefty 112 Points

After the continuous rise in the Indian stock market, as soon as the trading session opened in the morning on Tuesday (11 August), it closed with a decline after the red mark. At the end of the day, Sensex was at 78,154.25 with a weakness of 388.19 points or 0.49 percent and Nifty was at 24,471.70 with a weakness of 112.10 points or 0.46 percent. Selling pressure in the market was seen most in FMCG and realty stocks. Among the indices, Nifty FMCG and Nifty Realty were the top losers with a weakness of 1.17 percent and 0.99 percent.

Nifty Metal closed in the red with a fall of 0.95 percent, Nifty Infra 0.86 percent, Nifty Commodities 0.84 percent, Nifty Consumption 0.63 percent, Nifty Private Bank 0.56 percent, Nifty Auto 0.55 percent and Nifty India Defense 0.44 percent.

On the other hand, Nifty Pharma closed with a gain of 1.02 percent, Nifty IT by 0.61 percent, Nifty Healthcare by 0.32 percent and Nifty Oil & Gas by 0.08 percent.

There was mixed trading in midcap and smallcap compared to largecap. The Nifty Midcap 100 index closed at 63,843.85 with a weakness of 11.85 points or 0.02 percent and the Nifty Smallcap 100 index closed at 19,857.15 with a gain of 43.20 points or 0.22 percent.

Who were the gainers and who were the losers?

Eternal, Infosys, Titan, HCL Tech and TCS were the gainers in the Sensex pack. UltraTech Cement, Axis Bank, IndiGo, Bharti Airtel, Bajaj Finance, Power Grid, ITC, M&M, Tata Steel, HUL, Asian Paints, Bajaj Finserv, L&T, Sun Pharma, Maruti Suzuki, SBI, Trent, HDFC Bank, Tech Mahindra, NTPC, ICICI Bank, Kotak Mahindra Bank and BEL were the losers.

Main reason for market fall on 11th August

According to experts, the sharp rise in crude oil prices again drew the market’s attention towards the risks of inflation, which dampened investor enthusiasm despite good results. Concerns over the blockage in the Strait of Hormuz and US-Iran talks kept the market mood cautious, especially ahead of key inflation data from India and the US. Due to this, the sectors most affected by higher energy costs came under pressure, while shares of pharma and some IT companies saw gains. Nevertheless, the downside risk remains limited due to strong foreign investment inflows and good corporate earnings.

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