Even after the announcement of the relief package by Finance Minister Nirmala Sitharaman, the stock market closed down. After the last eight trading sessions, the Sensex fell 236 points and the Nifty fell 58.35 points to close at 12,690 today. Today the banking sector companies are in decline.
The Sensex lost over 200 points during trading this morning. The 30-share BSE Sensex was trading 226.79 points, or 0.52 per cent, at 43,366.88. Similarly, the NSE Nifty slipped 60 points or 0.47 percent to 12,689.15 points. Arjun Yash Mahajan, head of institutional business at Reliance Securities, said the market was expected to stagnate at this level. He further added that the market sentiment could be boosted by the government’s expectation of additional fiscal stimulus. Finance Minister Nirmala Sitharaman is scheduled to address the media on Thursday.