New Delhi, January 18: The domestic stock market closed with a decline today after trading under pressure for the third consecutive day. Today’s trading started with weakness.
Due to strong selling in the first hour of trading, the stock market had fallen by more than 1 percent, but after 10 am, due to buying support, the stock market recovered to a great extent from the lower level. After the entire day’s trading, Sensex closed down by 0.44 percent and Nifty closed down by 0.51 percent.
There was heavy selling in shares of banking, metal and IT sectors during the day’s trading. FMCG and Public Sector Enterprise indices also closed with losses. On the other hand, buying continued in shares of automobile, realty and pharmaceuticals sectors.
Similarly, capital goods, oil and gas and health care indices remained bullish. There was continuous pressure in the broad market today, due to which the BSE midcap index closed with a weakness of 0.08 percent. While the Smallcap index ended today’s trading with a marginal gain of 0.02 percent.
Today, due to the weakness of the market, the wealth of stock market investors decreased by about Rs 64 thousand crore. The market capitalization of BSE listed companies declined to Rs 369.71 lakh crore (provisional) after today’s trading. Whereas on the last trading day i.e. Monday, their market capitalization was Rs 370.35 lakh crore. In this way, investors suffered a loss of about Rs 64 thousand crore from today’s trading.
Today, there was active trading in 3,929 shares in BSE in the day’s trading. Of these, 1,339 shares closed with gains, while 2,501 shares closed with a decline, while 89 shares closed without any movement. There was active trading in 2,135 shares in NSE today. Of these, 1,002 shares closed in the green after earning profit and 1,133 shares closed in the red after incurring a loss.
Similarly, out of 30 shares included in Sensex, 12 shares closed with gains and 18 shares closed with decline. Whereas out of the stocks included in Nifty, 21 stocks closed in the green mark and 29 stocks closed in the red mark.
BSE Sensex opened today with a fall of 481.90 points at the level of 71,018.86 points. After minor buying in early trading, there was all-round selling pressure in the market, due to which the index plunged by 835.26 points to reach 70,665.50 points.
After this, buyers made buying efforts, due to which the index recovered about 800 points from the lower level and reached 71,451.29 points by a little before 1 pm. After this, there was once again selling pressure in the market, due to which the Sensex fell by 313.90 points and closed at the level of 71,186.86 points.
Like the Sensex, NSE’s Nifty started trading today at 21,414.20 points, falling 157.75 points. Due to selling pressure after the market opened, this index fell by 286.40 points to reach 21,285.55 points by 10 am, but after this buyers started buying rapidly.
Due to this, the index recovered about 250 points from the lower level and reached 21,539.40 points a little before 1 pm. After this, due to selling pressure once again this index declined again. After the entire day’s trading, Nifty closed at 21,462.25 points with a weakness of 109.70 points.
After the entire day’s trading, among the big stocks of the stock market, Sun Pharmaceuticals joined the list of top 5 gainers with a gain of 2.83 percent, Cipla by 2.24 percent, Tech Mahindra by 2.14 percent, Tata Motors by 1.68 percent and Axis Bank by 1.40 percent.
On the other hand, LT Mindtree fell by 10.72 per cent, HDFC Bank by 3.34 per cent, NTPC by 3.23 per cent, Titan Company by 2.49 per cent and Asian Paints by 2.42 per cent joined the list of today’s top 5 losers.
