Sensex down another 1,170 points! – Dinamani

by time news

On Monday, the first trading day of the week, the stock market remained bearish throughout the day. Following this, the Bombay Stock Exchange benchmark Sensex lost another 1,170 points to close at 58,465.89. The wide-based National Stock Exchange index Nifty lost 348 points to 17,416.25. The market capitalization fell by Rs 8.22 lakh crore in a single day.

Already, the impact of inflation has been echoed in the domestic market, with most days of the last week coming from bear dominance in the market. In this condition, the bears finally acted together in the first market on Monday morning after a long wait. Almost all sector indices fell sharply. The federal government repealed agricultural laws, which had a major impact on public sector enterprise stocks. Shares of Reliance fell as much as 4.5 per cent due to the non-validity of its deal with Saudi Arabia’s Aramco, according to stockbroking firms.

Also, Bajaj Finance, Bajaj Fin Chow, Market Lead Reliance, SBI and HDFC Dual fell sharply on the Sensex list. Thus, the bear’s grip was tightened tightly. Rising inflation has caused great concern among investors, he said.

2,498 shares fall: 906 shares out of a total of 3,568 shares traded on the stock exchange. 2,498 shares declined. 164 shares remained unchanged. 195 stocks recorded new 52-week highs and 81 stocks recorded new lows. Also, 359 stocks recorded highs and lows, while 374 stocks fell further and lows. The market capitalization fell by Rs 8.22 lakh crore in a single day to close at Rs 260.98 lakh crore. The number of registered investors has increased to 8,72,20,071.

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‘Bear’ grip tight: In the morning, the Sensex opened 74.47 points higher at 59,710.48 and touched a high of 60,778.37. The Sensex, which had lost 1,170.12 points (1.96 per cent) to close at 58,465.89, fell to 58,011.92 on rising stock sales. The Sensex recovered slightly from the lows near the close of trading.

27 shares fall: Of the 30 top-ranked stocks in the Sensex, 27 declined. Bajaj Finance fell 5.74 per cent to top the list. It was followed by Bajaj Finchow 4.69 per cent and Market Lead Reliance 4.42 per cent. Also, NTPC, Titan, SBI, Kotak Bank, Maruti Suzuki, Bajaj Auto, Axis Bank, Sunboma, ITC, M&M were down 2.50 to 3.75 per cent. Apart from this, the highly capable HDFC twin companies, including Infosys, TCS and Tata Steel, also declined. Botanicals, meanwhile, gained 3.90 per cent, while Asian Paint and Pow Grid rose slightly.

Nifty down 348 points: Only 258 stocks gained on the National Stock Exchange. 1,605 shares declined. The Nifty index, which includes 50-plus stocks, opened at 17,796.25 in the morning and touched a high of 17,805.25. The Nifty, which then traded lower at 17,280.45, eventually lost 348.25 points (1.96 per cent) to settle at 17,416.55.

Sharp decline in codes: All the sector indices in the national stock market fell sharply. The Nifty PSU Bank Index was down 4.51 per cent and the Realty Index was down 4.14 per cent. Also, Nifty Bank, Auto, ID, FMCG, Poma, Healthco, Private Bank, Media, Consumer Durables, Oil & Gas indices fell 1.50 to 4 per cent. The metal index was the only one to gain some ground, falling 0.04 percent.

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