Rate cut did not have much effect, market is trading flat, know which stocks are in decline

The Indian stock market opened with a slight gain on Friday, the last trading day of the week, but a decline was seen in the initial trade. The Bombay Stock Exchange index Sensex opened with a gain of 70 points at 79,611 today. In early trade, it was seen trading at 79,412 with a decline of 0.17 percent or 132 points. Out of the 30 stocks of the Sensex pack, 11 stocks were seen trading in the green and 19 in the red. At the same time, the National Stock Exchange index Nifty was seen trading at 24,136 points with a decline of 0.26 percent or 63 points. Out of the 50 stocks of the Nifty pack, 16 stocks were in the green and 34 in the red.

These stocks declined

The biggest losers in the Nifty pack were BPCL, which fell by 1.59 percent, Coal India, by 1.58 percent, Reliance, by 1.58 percent, Tata Motors, by 1.52 percent and ICICI Bank, which fell by 1.21 percent. Other than this, Infosys, and Apollo Hospital, rose by 1.47 percent, Hindalco, by 1.12 percent, Wipro, by 1.04 percent, and Tech Mahindra, rose by 0.80 percent.

Status of sectoral indices

Talking about sectoral indices, the biggest decline was seen in Nifty Oil & Gas by 1.09 percent. Apart from this, Nifty PSU Bank fell by 0.47 percent, Nifty Media by 0.77 percent, Nifty Bank by 0.08 percent and Nifty Auto by 0.25 percent. Apart from this, Nifty Financial Services rose by 0.03 percent, Nifty FMCG by 0.07 percent, Nifty IT by 1.09 percent, Nifty Metal by 0.55 percent, Nifty Pharma by 0.33 percent, Nifty Private Bank by 0.02 percent, Nifty Realty by 0.01 percent, Nifty Healthcare Index by 0.47 percent, Nifty Consumer Durables by 0.42 percent and Nifty Midsmall Healthcare by 0.06 percent.