Stock Market closing Overview By CapitalHeight

    

                     Equity Market down Nifty falls 101 point

The BSE Sensex ended 371 points lower to close below the 25,000 mark and the 50-shares Nifty closed 101 points lower at 7,615 level. Recent gainers like metal, energy and pharma stocks led the selloff in markets today. Vedanta was the top loser in Nifty down 9.4 per cent followed by Hindalco Industries and Tata Steel which fell 8.43 per cent and 5.44 per cent respectively. Sun Pharma and SBI also fell over 4 per cent to drag markets lower.

 Meanwhile, Power Grid, Kotak Mahindra Bank, Bosch and NTPC rose over 1 per cent each to become the prominent gainers in Nifty. Out of the 50 shares in Nifty, 15 stocks ended higher while 35 shares ended lower. Markets recover from intraday low, Sensex down 356 points at 24,981 while Nifty trades at 7,622, falls 94 points.today's correction in metal stocks is a very good opportunity to build long position in Hindalco, Tata Steel. 

if Nifty holds 7,500 level then it is highly likely that it will touch 7,900 in coming days.  Out of the 50 shares in Nifty, 42 are in red and 8 stocks are in green. Broader markets also succumb to profit booking. The BSE midcap index is down 1.45 per cent and the smallcap index falls 1.6 per cent.

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