Sensex Finishes Weak

Stock market in India remained negative and headed for a weak close on fears of likely increase in long term capital gains tax.

At the closing bell, the BSE Sensex closed lower by 234 points, whereas the NSE Nifty finished lower by 78 points. The S&P BSE Midcap ended down by 2.2% while the S&P BSE Small Cap finished down by 2.1%. All sectoral indices ended the day on a negative note.

Metal stocks, realty stocks and pharma stocks witnessed the maximum brunt.

Here is a list of BSE gainers today.

According to an article in The Economic Times, Tata Steel has signed an agreement to acquire Odisha-based iron ore pellet manufacturer Brahmani River Pellets Ltd (BRPL) for Rs 9 billion in cash.

Tata Steel share price finished down by 2.6%.

Moving on to the news from stocks in pharma sector.

Sun Pharma share price ended the day down by 1.9.

At the time of writing this share market news, oil prices were trading at US$ 53.23.

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