New Delhi. Uncertainty over ongoing tensions in West Asia, weak global signals and rise in crude oil prices forced the domestic stock market to close with losses for the second consecutive day today.
Today’s trading started with weakness. After the market opened, there was a buying trend for some time, but this momentum could not be sustained for long.
Selling pressure built up after 10 am, due to which the weakness of both Sensex and Nifty indices increased. After the entire day’s trading, Sensex closed with a fall of 1.09 percent and Nifty with a fall of 0.84 percent.
Today, there was continuous selling in shares of automobile, PSU banks and consumer durables sectors during the day’s trading. Apart from this, IT, FMCG, Metal, Oil & Gas, Public Sector Enterprise and Tech indices also closed with a decline.
On the other hand, buying continued in shares of media and energy sectors. Similarly, Capital Goods and Healthcare indices also managed to close with gains.
There was general selling pressure in the broader market today, due to which the Nifty Midcap index closed with a weakness of 0.41 percent. Similarly, the Smallcap index ended today’s trading with a decline of 0.67 percent.
Today, due to the weakness in the stock market, the wealth of stock market investors reduced by about Rs 3 lakh crore. The market capitalization of BSE listed companies declined to Rs 466.37 lakh crore (provisional) after today’s trading.
Whereas on the last trading day i.e. Wednesday, their market capitalization was Rs 469.36 lakh crore. In this way, investors suffered a loss of about Rs 2.99 lakh crore from today’s trading.
Today, there was active trading in 4,449 shares in BSE during the day’s trading. Of these, 1,762 shares closed with gains, while 2,517 shares were in decline, while 170 shares closed without any movement.
There was active trading in 2,965 shares in NSE today. Of these, 1,031 shares closed in the green after earning profit and 1,934 shares closed in the red after incurring a loss.
Similarly, out of 30 shares included in Sensex, five shares closed with gains and 25 shares closed with decline. Whereas out of 50 shares included in Nifty, 17 shares closed in the green mark and 33 shares closed in the red mark.
BSE Sensex opened today with a weakness of 532.83 points at the level of 77,983.66 points. As soon as trading started, due to selling pressure, this index fell by 823.43 points to the level of 77,693.06 points.
After this, buyers made buying efforts, due to which the movement of Sensex started improving. With the support of buying, around 10 am the index recovered 194.88 points from the opening level to reach the level of 78,178.54 points.
After this, there was once again selling pressure in the market, due to which the decline of this index continued to increase. Due to continuous selling, this index fell by 942.31 points to 77,574.18 points shortly before the end of today’s trading. After the entire day’s trading, the Sensex recovered about 90 points from the day’s low and closed at 77,664 points with a fall of 852.49 points.
Like Sensex, NSE’s Nifty slipped 175.75 points today and started trading at 24,202.35 points. Due to selling pressure as soon as the market opened, this index fell by 243.30 points to the level of 24,134.80 points.
After this, buyers started buying, due to which the position of this index started improving. With the support of continuous buying, Nifty recovered about 107.85 points from the opening level a little after 10 am and reached the level of 24,310.20 points.
After this, there was once again selling pressure in the market, due to which the decline of this index started increasing. Due to continuous selling, this index fell to the level of 24,162.50 points shortly before the end of today’s trading.
In the end, with the support of buying due to intra-day settlement, Nifty improved slightly and closed at 24,173.05 points with a weakness of 205.05 points.
After the day’s trading today, among the big stocks of the stock market, Dr. Reddy’s Laboratories joined the list of today’s top 5 gainers with a gain of 9.37 percent, Cipla by 5.63 percent, Jio Financial by 4.26 percent, Adani Enterprises by 1.73 percent and Apollo Hospital by 1.55 percent.
On the other hand, Trent Ltd. joined the list of today’s top 5 losers with a weakness of 4.13 percent, Shriram Finance 3.37 percent, Mahindra & Mahindra 3.24 percent, SBI Life Insurance 3.01 percent and Tech Mahindra 2.81 percent.
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