As for sectoral indices, apart from Nifty Oil & Gas and Nifty Metal, all other indices such as Realty, Pharma, Auto, Media, IT and FMCG are trading in the red.
The decline in business so far has been limited to large cap and midcap stocks while smaller stocks have seen a rebound. Till the time of writing, the Nifty Midcap 100 index was marginally down 59 points or 0.12 percent at 49,614 points. At the same time, the smallcap 100 index was up 31.35 points or 0.19 percent at 16,398 points. On NSE, 1275 shares were in green mark and 731 shares were in red mark.
Among the Sensex stocks, top losers were L&T, Asian Paints, HUL, HDFC and Ultratech Cement. While Tata Steel, Maruti Suzuki, JSW Steel, SBI and Reliance were among the top gainers.
The decline in the market is also due to selling by foreign investors. In the trading session so far in May, FIIs have invested Rs. 9,194 crore has been sold. VK, Chief Investment Strategist, Geojit Financial Services. Vijayakumar said that due to the uncertainty regarding the election results, pressure is being seen in the market.
Yesterday, the 30-share Sensex lost its early gains and closed down 383.69 points, or 0.52 per cent, at 73,511.85 points. At the same time, the Nifty of the National Stock Exchange also closed down 140.20 points or 0.62 percent at 22,302.50 points.
According to stock market data, foreign institutional investors (FIIs) were net sellers in the capital market. He on Tuesday made a total of Rs. 3,668.84 crore worth of shares were sold.