Stock Market Closing On 4 September 2024: The Indian stock market has closed with a decline due to global signals. Due to the decline in the US and Asian markets, profit booking was seen in the Indian markets. However, the market has made a huge recovery from the lower level. At one point in the morning, the Sensex slipped by 700 points, while the Nifty slipped by about 200 points. But due to the return of buying in pharma and FMCG stocks, the market was able to recover. At the end of today’s trading, the BSE Sensex closed with a decline of 203 points at 82,352 and the National Stock Exchange’s Nifty closed with a decline of 81 points at 25,198 points.
Rising and falling stocks
In today’s trade, out of 30 Sensex stocks, 11 closed with gains and 19 closed with losses. Out of 50 Nifty stocks, 19 closed with gains and 31 closed with losses. A total of 4047 shares were traded on BSE, in which 1925 shares closed with gains and 2028 shares closed with losses. There has been no change in the rates of 94 shares. Among the gainers, Asian Paints closed with gains of 2.39%, HUL 1.74%, UltraTech Cement 1.31%, Sun Pharma 1.18%, Bajaj Finserv 0.43%, Reliance 0.34%, HDFC Bank 0.25%, Bharti Airtel 0.18%. While among the falling stocks, Mahindra & Mahindra closed down by 1 per cent, Axis Bank by 1.20 per cent, SBI by 1.06 per cent, ICICI Bank by 1.11 per cent, Infosys by 0.95 per cent, Tata Steel by 0.72 per cent.
Decline in market cap
Due to the fall in the Indian stock market, the market cap has decreased. The market cap of the stocks listed on BSE has closed at Rs 465.276 lakh crore which was Rs 465.54 lakh crore in the last session. That is, in today’s session, there has been a decrease of Rs 28000 crore in the market cap.
Sectoral Updates
In today’s trading, buying was seen in the stocks of pharma, FMCG, real estate, media, healthcare sector. Whereas there was a decline in the stocks of banking, IT, auto, metals, energy, oil and gas sector. In today’s trading, midcap and smallcap stocks also closed with a decline.
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