Stock Market Closing: Today was a nightmare for the Indian stock market and trading closed with a tsunami of decline in Sensex-Nifty. FII selling was very high and due to signs of decline in the American markets, valuations in the stock market are decreasing and its effect is being seen on the movement of the domestic stock market. In today’s trade, Banking, Auto, Metal, Pharma all remained in a bad state and closed at a lower level, breaking new records.
At what level did the market close?
In the stock market today, BSE Sensex closed at the level of 77,690.95 with a huge fall of 984.23 points or 1.25 percent. With this, NSE’s Nifty closed below 23,559.05 with a huge fall of 324.40 points or 1.36 percent. The fall in the shares of Tata Motors increased but by the time of market closing it had returned to the green mark of bullishness.
Investors lost Rs 6.14 lakh crore
The market capitalization of companies listed on BSE has come down to Rs 430.45 lakh crore, which was Rs 436.59 lakh crore in the last trading session. With this, investors’ capital has further fallen by Rs 6.14 lakh crore in a day. In two days, investors’ capital has evaporated by more than Rs 12 lakh crore.
The condition of sectoral index in the market is poor
Realty sector closed with a decline of 3.17 per cent and PSU bank sector fell by 3.08 per cent. There was a decline of 2.66 percent in metal and auto shares closed down by 2.17 percent. After this, there was a fall of 2.09 percent in Bank Nifty and trading closed with a weakness of 2.10 percent in mid-small healthcare shares.
Advance-decline ratio very bad
The advance-decline ratio was very bad today and there was a huge decline in 2300 shares. The number of falling shares was high on both BSE and NSE. At the time of closing of trading today in Bank Nifty, it has closed below 50100 and today its lowest level has been below 50,000. This means that there has been a slight improvement in Bank Nifty by the time of market closing, although it closed with a fall of 1069 points at the time of closing. Due to the sharp fall in the market, investors have suffered huge losses and many upper levels have been broken in today’s trading.
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