Stock Market Closing On 16 September 2024: Today has been a historic day for both the primary and secondary markets of the Indian stock market. In the primary market, Bajaj Housing Finance’s IPO got a bumper listing. In the secondary market, both BSE Sensex and NSE Nifty have managed to touch historic highs. In today’s trade, heavy buying was seen in banking and energy stocks. At the close of the market, the BSE Sensex closed at 82,989 with a jump of 98 points and the National Stock Exchange’s Nifty closed at 25,384 points with a gain of 27 points.
Market cap at record high
Due to the tremendous boom in the Indian stock market, the market capitalization has reached a historic high. The market cap of the shares listed on the BSE has closed at a record high of Rs 470.49 lakh crore, which closed at Rs 468.71 lakh crore in the last session. That is, in today’s session, the market capitalization of the market has seen a jump of Rs 1.78 lakh crore.
rising and falling shares
Out of 30 Sensex stocks, 15 closed with gains and 15 with losses. Out of 50 Nifty stocks, 25 closed with gains and 25 with losses. Among the gainers, NTPC closed with a gain of 2.44%, L&T 1.35%, Axis Bank 0.97%, ICICI Bank 0.94%, Nestle 0.72%, Kotak Mahindra Bank 0.66%. Bajaj Finance closed with a loss of 3.36% and HUL closed with a loss of 2.30%. Apart from this, Adani Ports closed with a loss of 0.87%, Titan closed with a loss of 0.79%, UltraTech Cement closed with a loss of 0.73%, SBI closed with a loss of 0.65%, Tech Mahindra closed with a loss of 0.46%.
Sectorol Update
In today’s trading, buying was seen in the shares of banking, auto, real estate, media, energy, consumer durables, healthcare, oil and gas sector. Whereas, there was a decline in the shares of IT, FMCG, pharma sector. In today’s trading, mid cap and small cap stocks have again seen a great rise. In today’s trading too, the mid cap index of Nifty has managed to touch the all-time high.
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