Stock market today: Today’s stock market situation – started sluggishly, then towards decline
Stock market today: Today the Indian stock market started sluggishly, but soon a sharp recovery was seen. However, at the end of the trading session, the decline once again affected the market. The BSE Sensex closed down 56.99 points or 0.07 per cent at 79,648.92 and the NSE Nifty closed down 20.50 points or 0.08 per cent at 24,347.00.
Rise and fall in the market
In today’s session, a total of 1760 stocks rose, while 1801 stocks declined and 87 stocks remained unchanged. The BSE Midcap index closed flat, while the Smallcap index was up 0.5 per cent.
Role of major stocks
Hero MotoCorp, Axis Bank, ONGC, Infosys, and JSW Steel contributed positively to the Nifty, increasing investor interest in these stocks. The performance of these companies provided some stability to the market.
Review of Sectoral Performance
FMCG, Power, PSU Banks, and Media sectors declined by 0.5-2 per cent today. In contrast, banking, telecom, IT, oil and gas, metals and realty sectors saw a gain of 0.3-1 per cent. This reflects the uneven performance of different sectors, which is affecting the overall direction of the market.
Top Gainers and Losers
Major gainers in today’s session include Hero MotoCorp, Axis Bank, ONGC, Infosys and JSW Steel. At the same time, top losers included NTPC, Britannia Industries, Adani Ports, SBI and Dr. Reddy’s Labs. The decline in these stocks made investors cautious and increased volatility in the market.
Disclaimer: This information is provided for informational purposes only. Always seek expert advice before investing. 1tak.com does not advise anyone to invest money because investment in the market is subject to risks.