Indian stock market witnessed sharp selling today, Sensex closed 1.48 per cent lower, while Nifty closed 1.49 per cent lower due to sharp selling in IT-auto stocks and sharp selling by FIIs amid uncertainty over further interest. US inflation data remains uncertain over rate cuts and Trump's policies after assuming office
Meanwhile, amid the recession in the American market yesterday, on the day of expiry of the monthly contract of F&O segment, the effect of decline in the Indian stock market was also seen. Russia's attack on power plants in Ukraine on Thursday also had an impact on the market. Today's explosion was the biggest since October 3, i.e. in a period of about two months. On October 3, Nifty and Sensex fell by 2.1 percent.
After initially opening 47 points higher, the Sensex remained bullish till around 10 am and then suddenly fell. Intra-day Sensex touched a high of 80,447 and a low of 78,918 after falling below the 79,000 level. In this way, after a total volatility of 1,529 points, the Sensex finally fell by 1,190 points or 1.48 percent and closed at 79,043. On the other hand, Nifty initially opened at the previous close and hit an intraday high of 24,345 and low of 23,873. In this way, after a total upheaval of 472 points, Nifty finally fell by 360 points or 1.49 percent and closed at the level of 23,914, below the level of 24,000.
However, the decline in the broader market was less and small cap stocks were up. After the major indices, BSE mid-cap and small-cap indices started falling after 10 am, but the initial losses were almost recovered by the end of the day. The BSE mid-cap index closed only 27 points or 0.06 per cent lower at 45,929, while in contrast, the small-cap index rose 221 points or 0.41 per cent to 54,782. Thus, smallcap stocks remained bullish for the fifth consecutive session. The small cap index has increased by more than five percent in these five sessions. The BSE SME IPO index closed 234 points or 0.23 per cent lower at 99,861 today. In this way this index once again lost the level of 1 lakh.
A total of 4,049 shares were traded on BSE today, of which 2,127 advanced, 1,815 declined and 107 closed flat. Market capitalization of BSE today is Rs. 442.98 lakh crore or 5.24 trillion dollars, which was yesterday's Rs. Rupee. Rs 444.48 lakh crore. An increase of Rs 1.5 lakh crore is visible. Among the 30 Sensex stocks, SBI was the only stock which gained 0.55 per cent today and all other stocks closed with a decline of 3.48 per cent. Among Sensex stocks, M&M was down 3.48 per cent, Infosys was down 3.46 per cent, Bajaj Finance was down 2.84 per cent, Adani Ports was down 2.73 per cent, HCL Tech was down 2.54 per cent, Tech Mahindra was down 2.48 per cent and Titan was down 2.37 per cent. , Out of 50 shares of Nifty, 4 shares closed with gains and 46 shares closed with decline. Among stocks on Nifty, Adani Enterprises was the top gainer with 1.63 per cent gain. Whereas, a decline of 5.41 percent was recorded in SBI Life and 3.74 percent in HDFC Life.
The volatility index rose 3.96 percent to 15.21 today. Out of 14 sector indices on Nifty, only three rose. Among the gainers, Nifty PSU Bank gained 0.93 per cent, Media 0.32 per cent and Realty gained 0.04 per cent. At the same time, Nifty IT index has declined by 2.39 percent, Auto by 1.63 percent, Consumer Durables by 1.14 percent, Private Bank by 1.11 percent and Financial Services by 1.04 percent.
Let us tell you that on the last day of last week i.e. Friday and then on the first day of the current week i.e. Monday, a strong rise was seen in the Indian stock market and in both these the Sensex rose by a total of 2,953 points. Session. After that there was recession on Tuesday and bullishness on Wednesday. But today on Thursday the recession intensified again.
There is also a bearish wave in auto stocks, only two component stocks of the index have increased
Today, after IT stocks, auto stocks also witnessed a rise and among the constituent stocks of Nifty Auto Index, only two stocks, Exide India and Bharat Forge, registered gains. These shares rose by 2.69 per cent and 0.50 per cent respectively. On the other hand, M&M rose by 3.35 per cent, Hero Motor Corp by 1.93 per cent, Bajaj Auto by 1.85 per cent, Eicher Motors by 1.39 per cent, Ashok Leyland by 1.31 per cent, Motherson by 1.05 per cent. Per cent and TVS Motors declined. 1.05 percent.
FII's Rs. Net sales of Rs 11,756 crore
After three consecutive days of net buying in the Indian stock market, today FIIs once again poured huge sums of money into the Indian stock market. Net sales of Rs 11,756 crore, while DII reported Rs. Took a net of Rs 8,718 crore. With this, the net sales figure of FIIA increased to Rs 2.5 crore in the month of November. 41,590 crore, while the net procurement figure by DIIA increased to Rs. 38,760 crores. After 38 consecutive sessions of net selling, FIIs made net purchases for three consecutive days since the beginning of this week and the net buying figure in these three sessions stood at Rs. 11,112 crores. A part of this net borrowing was diverted by FIIs in a single day today and Rs. Net sales of Rs 11,756 crore.
Mishra ventures into banking-financial stocks
Today Nifty PSU Bank index closed 0.93 per cent higher, while Nifty Banks fell 0.76 per cent, Financial Services 1.04 per cent and Private Bank 1.11 per cent. Among the constituent stocks of the PSU Bank index, only Union Bank declined by 0.15 per cent, while IOB gained 3.09 per cent, PNB by 2.51 per cent and PSB by 2.15 per cent. Apart from this, shares of Indian Bank, UCO Bank, Canara Bank, Bank of Maharashtra and Bank of Baroda closed more than 1 percent higher.
Life insurance shares fall by 7 percent due to fear of IRDA's proposed measures
Recently, Union Finance Minister Sitharaman had expressed concern over mis-selling of insurance policies by banks. After which the head of the insurance regulatory body has indicated that a limit of 50 percent will be imposed regarding the parent bank's stake in bancassurance of life insurance companies. Fearing such a limit, shares of life insurance companies fell heavily today. In intraday, SBI Life and Max Financial Services fell by 7 per cent and HDFC Life fell by 5.5 per cent.
IT stocks fell, all index stocks fell
Sharp selling was seen in IT stocks today, with all 10 components of the Nifty IT index closing with losses. Nifty IT index reached new record high for two consecutive days, after which IT stocks fell due to profit booking today.
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