Stock Market Closing: Today was a bad day for the Indian stock market and Nifty, Bank Nifty and Sensex, Midcap Index closed with a decline. The 3 percent fall in the shares of Reliance Industries played a big role in pulling the market down and did not allow the market to take support. A huge decline was recorded in realty, pharma, oil and gas shares and a decline in the amount of investment by investors was seen. The weakness of Auto, Metal and Pharma indices also maintained the bearish trend in the market.
At what level did the stock market close?
BSE Sensex closed at the level of 78,782.24 with a decline of 942 points or 1.18 percent. Apart from this, NSE’s Nifty closed at 23,995.35 with a decline of 309 points or 1.27 percent.
Why was there a huge decline in the stock market?
After a slight recovery in the market, Nifty had recovered by about 175 points but despite this, Nifty closed down by more than 300 points. The market could not recover due to heavy selling in auto stocks and among metal stocks, shares like Vedanta, Hindalco and Jindal Steel closed heavily. A big fall of 458 points was seen in Nifty Bank, closing at the level of 51215.
Condition of Sensex-Nifty shares
Trade closed in 24 out of 30 Sensex stocks with a decline and 6 stocks closed with a rise. Apart from this, 42 out of 50 stocks in Nifty declined and only 8 stocks closed with gains.
Know the market cap of BSE
If we look at the market cap of BSE, trading on Bombay Stock Exchange has closed with Rs 442.02 lakh crore and out of 4199 shares, trading has closed with a decline in 2713 shares. There was a rise in 1354 shares and trading ended with no change in 132 shares.
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