Research on Latest Stock and Nifty Market Update

Indian market fell for a second consecutive session as investors continued to book profits in recent outperformers such as State Bank of India while they wait for actual policies from Prime Minister Narendra Modi and his new cabinet. The broader Nifty closed 0.56 percent lower at 7,318 points, marking only its third daily fall this month. The benchmark BSE Sensex fell 0.68 percent at 24,549.51 points.

The Nifty continued to remain under pressure amid high volatility. It finally ended 41 points lower. Nifty futures premium declined and settled at 2 points. India VIX declined 3.76 percent and settled at 19.10.

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