Profit booking pulls down market

Nifty declined over half percent and Bank Nifty fell to intra-day low on account of profit booking. Tech, Banking, Cement, NBFC stocks and FMCG stocks are major losers today on account of profit booking. RBI Credit policy on 4th December and Supreme Court Hearing today on loan moratorium will be k
The S&P BSE Sensex closed at 51,703.83, lower by 400.34 points, or 0.77 per cent, from its previous close of 52,104.17 points.
Recovery may not be ruled out on account of partial recovered global markets from the intra-day low and weekly Nifty and Bank Nifty expiry. Asian markets bounced back into positive territory and US Future declined marginally by 0.2% (earlier shed 0.5%).
Sentiment is positive in the market on account of strong FIIs inflow, record high global markets and impressive macro data. Moreover, hope of arrival of a coronavirus vaccine spurs optimism in a return to normalcy and economic growth.
Stock in momentum - NMDC, Bajaj Finance, Bajaj Holding, Tata Steel, Bajaj Auto, ONGC and GAIL
The Nifty50 on the National Stock Exchange closed at 15,208.90, higher by 104.55 points, or 0.68 per cent.