Share Market: Market became victim of profit booking after reaching record high of the day, Sensex Nifty closed flat
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Stock Market Closing Bell: The Indian stock market started with a stormy rise. But after some time, the market succumbed to profit booking. After this, both the major indices of the market became sluggish till the end of the day.
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Sensex fell 0.047 percent or 34.09 points and closed at 72,152. Whereas, Nifty closed at 21,930.50 with a very slight gain of 1.10 points.
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Due to heavy buying in small and medium stocks, Nifty’s Mid Cap and Small Cap again reached record high.
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The surge in the banking index at market opening continued throughout the day. After the quarterly results of public sector banks, there was tremendous buying of them.
Realty shares also rose
There was buying in midcap and smallcap shares till the market closed. Whereas, PSU banks and realty stocks closed with gains. There was good buying in energy, pharma and metal shares. He controlled the market to a great extent. Shares of State Bank of India, Grasim Industries, JSW Steel, HDFC Life and Axis Bank were among the top gainers on Nifty. Whereas, shares of Tech Mahindra, Power Grid Corporation, Infosys, Adani Ports and TCS joined the category of top losers today. Today the continuous boom in IT has stopped. This index fell by about one percent. Besides, the auto index also continued to fall.
Market cap at record high
The market cap of companies listed in the stock market reached a record high. The market value of companies listed on BSE reached Rs 389.65 lakh crore which was Rs 386.83 lakh crore in the previous session. Even in the slow market, an increase of Rs 2.82 lakh crore is being seen in the wealth of investors today.
how was the morning market
A rise was seen in the standard indices in early trade today due to buying in the shares of SBI and Reliance Industries in the local market amid the strengthening trend in the American markets. In this way, the domestic markets have maintained their bullish trend. Activism by foreign institutional investors (FIIs) was also strengthening the perception of strength in the local market. BSE’s 30-share index Sensex jumped 373.12 points to reach 72,559.21 in early trade. National Stock Exchange (NSE) index Nifty also rose by 123.9 points to reach 22,053.30. In Asian markets, South Korea’s Kospi and China’s Shanghai Composite were trading with a positive trend, while Japan’s Nikkei and Hong Kong’s Hang Seng were trading with a declining trend. A gain was registered in the American markets on Tuesday.
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