Market Closes Lower, Snapping Three-Day Winning Streak

31 Aug 2023 , 03:44 PM

In today’s market, the benchmark indices saw a decline, putting an end to their three-day winning streak, as the Nifty closed around the 19,250 mark on the day of August’s Futures and Options (F&O) expiry.

At the closing bell, the Sensex witnessed a dip of 255.84 points or 0.39 %, settling at 64,831.41. Meanwhile, the Nifty marked a decrease of 93.70 points or 0.48 %, ending at 19,253.80. Based on the available data, Out of the total traded stocks, 1805 shares saw gains, 1703 shares experienced losses, and 142 shares remained unchanged.

Among the major losers on the Nifty were Adani Enterprises, BPCL, Adani Ports, Eicher Motors, and Britannia Industries. On the other side, the gainers included Maruti Suzuki, Cipla, HDFC Life, Titan Company, and Hindalco Industries.

In terms of sectoral performance, a mixed trend was observed. Oil & gas, power, FMCG, and banks witnessed declines ranging from 0.5 to 1.3 %. In contrast, realty, metal, capital goods, and information technology sectors saw gains ranging from 0.2 to 0.7 %.

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