Stock Market Closing On 28 August 2024: The Indian stock market closed with a slight gain in Wednesday’s trading session due to return of profit booking at higher levels. Banking and FMCG stocks have contributed to the market going down. Selling was also seen in mid-cap and small-cap stocks in today’s session. At the end of today’s trading, the BSE Sensex closed with a jump of 74 points at 81,785 and the National Stock Exchange’s Nifty closed with a gain of 34 points at 25,052 points.
Rising and falling stocks
The star stock of the market has been Tata’s Trent. Trent’s stock reached a high of Rs 7325 and at the close of the market, it closed at Rs 7242 with a jump of 5.42 percent. Apart from this, in today’s trading, Bharti Airtel closed with a jump of 2.20 percent, Infosys 1.95 percent, IndusInd Bank 1.95 percent, Sun Pharma 1.95 percent, Tech Mahindra 0.69 percent, Mahindra & Mahindra 0.58 percent, Bajaj Finance 0.50 percent, JSW Steel 0.45 percent, TCS 0.32 percent. Among the falling stocks, Asian Paints closed with a decline of 1.24 percent, Maruti Suzuki 1.11 percent, Nestle 1.02 percent, Kotak Mahindra Bank 0.91 percent, SBI 0.91 percent, Axis Bank 0.88 percent.
Decline in market cap
Despite the rise in Sensex-Nifty, there has been a slight decline in the market cap due to the fall in mid-cap and small-cap stocks. The market cap of the stocks listed on BSE closed at Rs 462.97 lakh crore, which was Rs 463.14 lakh crore in the last session. That is, investors have suffered a loss of Rs 17,000 crore in today’s session.
Sectorol Update
There was a strong rise in IT stocks in today’s trading. Nifty’s IT index closed with a jump of 685 points. While pharma, infra, healthcare stocks also saw a rise. But the shares of banking, auto, FMCG, metals, energy and oil and gas sector closed with a fall. In today’s trading, profit booking was also seen in mid-cap and small-cap stocks.
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