Stock Market Closed: After ups and downs, stock markets are back on the rise, pressure on IT sector continues; Sensex-Nifty closed with gains
Mumbai. Buying returned in the domestic stock markets on Thursday, although under pressure from IT companies, major indices closed with slight gains after day-long fluctuations. BSE’s 30-share sensitive index Sensex closed at 74,360.01 points, up 13.84 points (0.02 percent).
The Nifty-50 index of the National Stock Exchange (NSE) also rose by 10.95 points or 0.05 percent to reach 23,416.55 points. Big fluctuations were seen in major indices. Throughout the day these marks were sometimes red and sometimes green. During this period, the Sensex went down to 73,807.30 points and up to 74,544.24 points. There was good momentum in the macro market right from the beginning.
Nifty Midcap-50 index fell 0.43 percent and Smallcap-100 index fell 0.49 percent. Investors remained sellers in companies of metal, IT and chemical sectors. At the same time, the indices of consumer durable products and media groups rose by more than two percent.
Banking, finance, pharma, health, auto and FMCG groups also witnessed gains. Of the 3,396 companies whose shares were traded on NSE, shares of 1,815 gained and 1,471 slipped. Shares of other 110 companies closed unchanged after day-long fluctuations.
Shares of 18 out of 30 Sensex companies were in the red. Titan had the highest rise of 3.43 percent. Shares of Eternal rose 2.91 percent, ITC rose 1.21 percent and Tech Mahindra rose 0.95 percent. Shares of State Bank of India, ICICI Bank, BEL and Mahindra & Mahindra also closed with gains. Infosys shares fell 1.76 percent. Bajaj Finserv fell by 1.32 percent and UltraTech Cement fell by 0.96 percent.
Shares of HCL Technologies, Adani Ports, Reliance Industries, Hindustan Unilever, Tata Steel, Sun Pharma, L&T, Bharti Airtel and Bajaj Finance were also in the red.
Globally, today in Asia, Hong Kong’s Hang Seng fell by 1.48 percent, Japan’s Nikkei fell by 1.36 percent and China’s Shanghai Composite fell by 0.64 percent. In early trade in European markets, Britain’s FTSE is currently down 0.90 percent while Germany’s DAX is up 0.28 percent.
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