New Delhi/Mumbai, May 13 (HS): The stock market closed in the red on the second day, Tuesday, after a record surge on the first trading day of the week. At the end of trading, the Bombay Stock Exchange (BSE) Sensex tumbled by 1,282 points. Profit-booking in IT and daily-use goods manufacturing companies' shares caused the market to decline.

The 30-share BSE Sensex fell by 1,281.68 points, or 1.55 percent, closing at 81,148.22. During trading, it had fallen as much as 1,386.21 points at one point. Similarly, the National Stock Exchange (NSE) Nifty slipped by 346.35 points, or 1.39 percent, closing at 24,578.35.

Of the 30 shares in the Sensex, 25 saw a decline. Shares of Infosys, Power Grid, and Zomato closed around 3.6 percent lower. However, five shares, including HCL Tech and TCS, saw an increase of nearly three percent. There was a slight rise in Sun Pharma, Adani Ports, Bajaj Finance, SBI, and Tech Mahindra. On the other hand, out of the 50 shares in the Nifty, 35 experienced a decline. The NSE’s IT index saw the largest drop of 2.42 percent. The auto, realty, metal, and FMCG indices fell by one percent. In contrast, the media, banking, and healthcare sectors witnessed a rise of 1.5 percent.

On the first trading day of the week, Monday, the Sensex climbed by 2,975 points, or 3.74 percent, closing at the level of 82,430. Similarly, the Nifty also closed at the level of 24,925, gaining 917 points or 3.82 percent.

Hindusthan Samachar / Jun Sarkar