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The Indian stock market declined for a second time in as many sessions as investors sold shares of automakers, lenders and technology companies. The Nifty came under pressure as it approached its crucial resistance level of 8,200, weighed down by losses in IT, banks, and auto stocks.The S&P BSE Sensex is trading at 26,524 down 72 points, while NSE Nifty is trading at 8,154 down 25 points. The BSE Mid-cap Index is trading up 0.20% at 12,155, whereas BSE Small-cap Index is trading up 0.34% at 12,231. Power Grid, Tata Motors, Hindalco, Tata Motor DVR and Tata Power are among the gainers, whereas Bank of Baroda, Hero MotoCorp, Infosys, Wipro and SBI are losing sheen on NSE.
A total of 12 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE. Out of 1,866 stocks traded on the NSE, 509 declined, 887 advanced and 470 remained unchanged today.
Some buying is observed in metal, media and auto sectors while financial services, IT, Bank Nifty, FMCG are showing weakness on NSE. The INDIA VIX is up 2.85% at 16.28.
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