Stock market gains stalled, with energy and banking stocks closing lower due to profit booking.

Stock market close on 12 December 2023: Tuesday’s trading session has turned out to be inauspicious for the Indian stock market. The momentum that was going on in the market for the last several trading sessions got a break today. Due to profit booking by investors, the market witnessed a decline. Stocks in the banking and energy sectors declined. Mid-cap stocks also declined in today’s trade. At the close, the BSE Sensex fell 377 points to close at 69,551 points, while the National Stock Exchange’s Nifty closed down 91 points at 20,906 points.

State of the sector

Metals, media and public sector banks indices saw gains in today’s trade. While shares of banking, IT, auto, pharma, FMCG, real estate, energy, infra, healthcare, consumer durables and oil and gas sectors closed lower. Mid-cap stocks also declined in today’s trade. While the index closed higher due to buying in small cap stocks. Out of 30 Sensex stocks, 12 stocks advanced and 18 closed with losses. Out of 50 Nifty stocks, 19 closed with gains and 31 with losses.

Break stock close on stock market rally

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