Although the stock market started with great enthusiasm on Friday morning, it finally ended negatively, much to the dismay of investors. The main reason for this is that the afternoon trade is coming to an end. Following this, the Bombay Stock Exchange benchmark Sensex lost 460 points. The market capitalization fell to Rs 2.49 lakh crore.
Global market sentiment was somewhat positive. Due to this the domestic market started with excitement in the morning. The market has been steadily fluctuating over the past few days as it has been consolidating. In this context, banking, IT and energy stocks plunged sharply in the afternoon trade following reports that the Russia-Ukraine war had intensified. As a result, stockbroking firms said the decline was unavoidable.
What caused the decline: In particular, major corporate stocks, including Infosys, TCS, Reliance and major banking stocks, were cited as the main reasons for the decline. Meanwhile, foreign investors, who had been selling shares for the past several days, bought shares worth Rs 743.22 crore on Thursday, according to market data.
2,195 shares of the stock market fall: Out of a total of 3,508 companies in the Mumbai Stock Exchange, only 1,185 shares were listed on the gains list. In contrast, 2,195 shares fell. 128 shares remained unchanged. 127 stocks recorded new 52-week highs and 30 stocks recorded new lows. The market capitalization declined by Rs 2.49 lakh crore to Rs 266.98 lakh crore at the end of trading. The number of registered investors has crossed 10.40 crore.
The Sensex, which started the day at 57,817.51 with a gain of 296.45 points, touched a high of 56,975.48. The Sensex, which had lost 460.19 points to close at 57,060.87, fell to 56,902.30 as the stock market began to rise.
23 shares of Sensex fall: 30 In the Sensex, which includes 30 first-class stocks, Kotak Bank, HDFC Bank, Sunbhoma, Tata Steel, Docto Reddy, Ultra Tech Cement and HDFC gained only slightly (0.17 -1 per cent). The other 23 stocks fell in price.
Axis Bank sharp decline: Of these, Axis Bank topped the fall list with a decline of 6.57%. Leading stocks including NTPC, Pow Grid, Wipro, Titan, SBI, Maruti, L&T, HCL Tech, Bothi Atel, Reliance, Tech Mahindra, Infosys and TCS fell 1 to 3.4 per cent. Also on the fall were Bajaj Finance, Bajaj Finchow, Indus Ind Bank and ICICI Bank.
Nifty down 143 points: Only 611 stocks gained on the National Stock Exchange. 1,313 shares fell. Only 12 stocks gained in the Nifty list, which includes 50 top-grade stocks. 38 stocks were on the fall list. The Nifty index, which started the morning at 17,329.25 with a gain of 84.20 points, touched a high of 17,377.65. Then, the Nifty fell to 17,053.25 at the close of trading and finally closed at 17,102.55, down 142.50 points (0.83 per cent).
All sector indices decline: All sector indices in the national stock market fell. Of these, the Nifty Media Index was down 2.87 per cent, Oil & Gas 2.22 per cent and PSU Bank 1.67 per cent. Also, Nifty Bank, Private Bank, Realty, IT and Auto indices fell by 1.20 per cent.