Sensex closed at 57276, down 581 points, shares of all IT companies remained down
There is a huge fall in the stock market again today. The Bombay Stock Exchange (BSE) Sensex lost 581 points (1%) to 57,276 and the National Stock Exchange’s Nifty fell 167 points (0.97%) to end at 17,110. is on. Shares of all IT companies fell today.
Market cap reduced by 2.45 lakh crore
Today the market cap stood at Rs 260.32 lakh crore, as against Rs 262.77 lakh crore on Tuesday. The Sensex was down 541 points at 57,317. This was its upper level, while it made a lower level of 56,439. Out of its 30 stocks, 9 were in gains while 21 were in decline. The major gainers were Axis Bank, Maruti, Kotak Bank, Sun Pharma, IndusInd Bank and UltraTech Cement.
Zomato shares fell 10% to Rs 90
Nykaa falls 1.63% again today to reach 1529
Paytm shares down 2.44% at Rs 870
Policy market down 5.36% to 734
Two positive signs, but the danger is more than that
There were two positive signs for the market today. Still in the range of decline. In fact, the hope of an agreement between Ukraine and Russia and secondly the Central Bank of America has postponed the decision to increase interest rates till February. Now it can be extended in the meeting to be held in March. Despite this, there is a lot of pressure on the stock market today.
However, along with this, the governor of the US Central Bank said that interest rates may increase 4-5 times in this year. This is where the concerns of investors have started. On the other hand, foreign investors have withdrawn 20 thousand crore rupees from the Indian market in the last 10 days.
- Tech Mahindra shares fell 3.66%
- Wipro stock is down close to 3.22%
- Reliance Industries is down over 1.40%
Among the major falling stocks, Titan has broken close to 3% while HDFC Bank, Tech Mahindra, Dr. Reddy, HCL Tech, Wipro and Infosys have fallen more than 2-2%. Bajaj Finserv, HDFC, Tata Steel, TCS, Nestle and Bajaj Finance are also down 2-2%.
389 shares in lower circuit
389 shares of Sensex are in the lower and 313 upper circuits. This means that in a day they can neither fall nor rise above a certain limit. 1,884 stocks closed down and 1,480 stocks closed up.
Nifty falls by 167 points
On the other hand, the Nifty of the National Stock Exchange closed at 17,110 with a fall of 167 points. Its Next 50, banking, financial and mid cap indices ended lower. It opened at 17,062 and made a low of 16,866 and an upper level of 17,073. Of its 50 stocks, 15 were in gains and 35 were in decline.
Maruti and Axis Bank in the lead
The rising stocks of Nifty are ONGC, Maruti and Axis Bank. Titan, Wipro, Dr. Reddy, Inhabitor Motors and HCL Tech are prominent among the falling stocks. Earlier, the break in the stock market took place on Tuesday on the decline that has been going on for 5 days. The Bombay Stock Exchange (BSE) Sensex was up 366 points (0.64%) at 57,858 and the National Stock Exchange’s Nifty was up 128 points (0.75%) at 17,277.
