Stock Market Closing On 1 August 2024: The first trading session of the month of August was historic for the Indian stock market. The National Stock Exchange’s Nifty was successful in crossing the all-time high of 25,000 for the first time, while the BSE Sensex also crossed the 82,000 mark and reached a historic high of 82,129.49. The credit for this boom in the market goes to the shares of the energy sector. Heavy buying has been seen in the shares of government companies like Coal India ONGC Power Grid. At the end of today’s trading, the Nifty closed at 25,011 points, above 25000 with a jump of 640 points, while the Sensex closed at 81,867 points with a jump of 126 points.
rising and falling stocks
Energy stocks dominated today’s trade. If we look at the stocks of this sector, Power Grid closed with a gain of 3.73 percent, Adani Green Energy 3.16 percent, Tata Power 2.51 percent, ONGC 2.03 percent, NTPC 1.83 percent, Reliance 0.75 percent. Apart from this, HDFC Bank closed with a gain of 1.85 percent, Nestle 1.38 percent, Adani Ports 1.07 percent, Maruti Suzuki 1.01 percent, Bharti Airtel 0.66 percent. Among the falling stocks, Mahindra & Mahindra closed with a loss of 2.76 percent, Tata Steel 1.36 percent, Bajaj Finserv 1.20 percent, SBI 1.20 percent.
Condition of sectors
In today’s trading, buying was seen in the stocks of Energy, Pharma, FMCG, Healthcare, Banking and Oil & Gas sectors, while Auto, IT, Consumer Durables, Metals, Real Estate and Media stocks closed with a decline. The uptrend in Midcap and Smallcap stocks was halted today and profit booking was seen in these stocks. Out of 30 Sensex stocks, 15 closed with gains and 15 closed with losses. Out of 50 Nifty stocks, 28 closed with gains and 22 closed with losses.
Decline in market cap
The market cap of the Indian stock market reached a record high in Wednesday’s trading session, but it has seen a decline in today’s session. The market cap of stocks listed on BSE closed at Rs 461.61 lakh crore.
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