Indian Stock Market Closing On 9 October 2024: RBI’s monetary policy has indicated that the interest rates will decrease in the coming days. Despite this, the Indian stock market declined in the last hour of trading due to selling in FMCG and energy shares. Nifty slipped 280 points from the day’s high and Sensex slipped 1000 points. Whereas the market was trading at a brisk pace since morning. However, there has been a rise in midcap and smallcap stocks. At the end of trading, BSE Sensex fell marginally by 168 points at 81,467 and National Stock Exchange’s Nifty fell by 31 points to close at 24981 points.
rising and falling shares
Out of 30 Sensex stocks, 21 stocks closed with gains while 9 closed with losses. Of the 50 Nifty stocks, 29 closed with gains while 21 closed with losses. Among the rising stocks, Tata Motors closed with a rise of 2.15 percent, Tech Mahindra 1.92 percent, Maruti Suzuki 1.80 percent, SBI 1.66 percent, Bajaj Finance 1.57 percent, Axis Bank 1.50 percent, Bharti Airtel 1.44 percent, Bajaj Finserv 1.35 percent. While among the falling stocks, ITC closed with a fall of 3.08 percent, Nestle 2.21 percent, Reliance 1.65 percent, HUL 1.47 percent, L&T 1.13 percent, IndusInd Bank 0.97 percent.
3 lakh crore jump in investors’ wealth
Despite the fall in Sensex-Nifty, there has been a rise in the market cap of the Indian stock market. The market cap of stocks listed on BSE closed at Rs 462.43 lakh crore, which was Rs 459.50 lakh crore in the previous session. This means that in today’s session there has been a jump of Rs 3 lakh crore in the wealth of investors.
sectorol update
Shares of auto, IT, pharma, real estate, media, healthcare, consumer durables sectors have seen a rise in today’s trade. Whereas shares of FMCG, Banking, Energy and Oil and Gas sectors declined. In today’s trading, maximum greenness has been seen in midcap and smallcap stocks.
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