The stock market was up and down on Wednesday. Following this, the Bombay Stock Exchange benchmark Sensex lost 0.25 per cent.
Both the Sensex and the Nifty fell by 3 per cent in the same 10-day period on Monday, the opening day of the week. In this situation, these indices almost completely recovered in Tuesday’s trading. But, the excitement that started on Wednesday began to wane as time went on.
While the global market indicators were positive, its full impact failed to resonate in the Indian market. During the trade, the ups and downs were increasing. Tensions between Russia and Ukraine have exacerbated market volatility.
However, Western markets faced rapid selling at the last minute. Its impact was strongly echoed in the domestic market. Thus, stock trading brokerages that the stock market ended with a decline
Reported.
While US inflation was high, British inflation rose to 5.5 per cent in January, the lowest level in 30 years. Its impact was echoed in the market. Following this, auto, bank and IT stocks faced higher sales, traders said.
1,998 shares of the company’s stock price: 1,998 shares of the total 3,453 companies traded on the Mumbai Stock Exchange gained. 1,359 shares fell. 96 shares remained unchanged.
116 stocks recorded new 52-week highs and 20 stocks recorded new lows. The market capitalization rose by Rs 39,000 crore to Rs 262.19 lakh crore at the end of trading. The number of registered investors has risen to 9.72 crore.
Sensex falters: The Sensex started the day at 58,310.68, up 168.63 points, down to 57,780.28. Then, the Sensex, which had touched a high of 58,569.22, finally lost 145.37 points to close at 57,996.68. Shares of 10 of the top 30 companies listed on the Sensex gained. 20 stocks fell.
NTPC decline: NTPC fell 1.63 per cent in the Sensex topped the list. It is followed by SBI, Ultra Tech Cement, ICICI Bank, Tata Steel and Bajaj.
Including finance fell 1 to 1.60 percent.
Bharti Airtel upgrades: Meanwhile, Bharti Airtel, a leading private telco, rose 1.41 per cent to top the earnings list.
Also on the list were HDFC, M&M, Dr Reddy’s Lab, Kotak Bank, Nestle, Tech Mahindra, Wipro, Axis Bank and HCL Tech.
Nifty down 30 points: 1,158 stocks gain on the National Stock Exchange. 742 shares declined. The Nifty index, which includes 50 top-tier stocks, started the morning at 56,408.45, up about 56 points, down 17,257.70. The stock ended the day 30.25 points lower at 17,322.20. Only 17 stocks gained on the Nifty list. 33 stocks fell.
Realty Index Improvement: The Realty Index rose 1.11 percent to top the gains list on the National Stock Exchange. Oil & Gas, Consumer Durables, Healthcare and Pharma indices rose slightly. Meanwhile, the Nifty PSU Bank Index fell 1.11 per cent to top the list.