On Friday, the last trading day of the week, the ‘bear’ again dominated the stock market. As a result, the Bombay Stock Exchange benchmark Sensex lost 889 points to close at 57,011.74. The wide-based National Stock Exchange index Nifty lost 263 points to close below 17,000. Following this, the value of the Mumbai Stock Exchange capital fell by Rs 4.61 lakh crore in a single day.
Trading in most stock markets globally was negative. Its impact was echoed in the domestic market. In addition, the sale of shares by foreign institutional investors and the subsequent return on investment have caused concern. Following this, the decline became unavoidable as stock sales increased. However, there was good support for IT company shares. Stockbroking firms said other sector stocks faced heavy selling.
2,290 shares fall: Out of a total of 3,439 shares traded on the stock exchange, 2,290 shares declined. Only 1,050 shares gained. 98 shares remained unchanged. 291 stocks recorded new 52-week highs and 39 stocks recorded new lows. Also, 401 stocks recorded highs and lows, while 255 stocks fell further and lows. The market capitalization declined by Rs 4.61 lakh crore to Rs 259.41 lakh crore at the end of trading. The number of registered investors was 9.03 crore.
‘Bear’ dominates again: In the morning, the Sensex opened 120.49 points higher at 58,021.63 and touched a high of 58,062.28. The Bombay Stock Exchange benchmark Sensex fell by 889.40 points, or 1.54 per cent, to 57,011.74, after falling sharply to 56,950.98. Out of the total 30 top tier stocks in the Sensex, 25 stocks declined. Only 5 stocks gained. Market sources said that the decline was due to the bearish dominance of the ‘bear’ on Friday, with some relief on Thursday.
Infosys Improvement: Leading IT company Infosys topped the list with a gain of 2.84%. Also, HCL Tech, Pow Grid, Sun Poma, TCS are just a few of the highlights.
Indus Ind Bank plunges: Meanwhile, Indus Ind Bank, a popular private sector bank, fell 4.85 per cent to top the list. This was followed by Kotak Bank, Hindustan Unilever, Titan, HDFC, Bajaj Finchow, SBI, Reliance, Axis Bank, Baati Atel, Bajaj Auto, M&M IDC and Maruti Suzuki, which fell 2 to 3.50 per cent. Shares of leading companies including HDFC Bank, ICICI Bank and Bajaj Finance also fell.
Nifty falls 263 points: 1,525 shares traded lower on the National Stock Exchange. Only 355 shares gained. The Nifty index, which includes 50 top-class stocks, stood at 263.20 points (1.53 per cent) at 16,985.20. It started at 17,276.00 in the morning and rose to a high of 17,298.15. Then, it went down to 16,966.45. Only 5 stocks gained in the Nifty list. 45 stocks fell.
ID code only upload: The Nifty ID index was up 1.35 per cent on the National Stock Exchange. All other sector indices fell sharply. The media index fell 4.74 percent topped the list. Also, Nifty Bank, Financial Services, FMCG, Metal, PSU Bank, Private Bank, Realty Health Co, Oil & Gas indices fell by 2 to 4 per cent.