Share Market: Tremendous fluctuations in the market before Fed policy

Stock Market Closing Bell: Indian stock market witnessed a lot of ups and downs throughout the day today. After the rise in pre-opening, the stock market fell at 10 am. The market reached the day’s low at 10.50 am. However, the market immediately came into recovery mode. Till the closing bell, the Sensex rose by 0.12 percent or 89.64 points and closed at 72,101.69. Whereas, Nifty rose 0.17 percent or 36.15 points and closed at 21,853.60. Shares of 3903 companies were traded in the market today. Out of these, stocks of 2188 companies closed with losses and stocks of 1605 companies closed with gains. Analysts said investors are adopting a cautious approach ahead of the US Federal Reserve’s decision on interest rates this week.

What was the condition of Sensex-Nifty?

Amid tremendous market action, 10 companies in the 30-share Sensex of BSE closed in loss. Whereas, shares of 20 companies closed with green mark. A mixed trend was seen in all sectors on Nifty. A decline was seen in banks, financial services, IT, metal, pharma, private banks and consumer durables. Whereas, Auto, Reality, Healthcare Index, FMCG and Oil and Gas sectors closed with a rise.

Also Read: National Pension System will now require Aadhaar verification, know what is the new rule and when will it be implemented

how was the morning business

On the third trading day of the week, there was a recovery from the decline of the previous session in early trade amid the rise in global markets and inflow of foreign capital. BSE’s 30-share index Sensex rose 237.36 points to 72,249.41 points in early trade. National Stock Exchange (NSE) index Nifty also rose by 74.25 points to reach 21,891.70 points. In Asian markets, South Korea’s Kospi, China’s Shanghai Composite and Hong Kong’s Hang Seng were trading with gains. American stock markets closed with gains on Tuesday.