Business News Desk -The huge fall in the stock market in the last trading session of September 2024 has destroyed the enthusiasm of the market’s rise during the entire month. In the last session of the month, Sensex and Nifty closed with a decline. This decline has been seen in the market due to heavy beating in the shares of banking-auto sector and shares of Reliance Industries, the largest company in the stock market. At the end of today’s trading, BAE Sensex closed at 84,299 points with a fall of 1272 points and National Stock Exchange’s Nifty closed at 25,811 points with a fall of 368 points.
rising and falling shares
In today’s trading, out of 30 Sensex stocks, 5 closed with gains and 25 with losses. Among the gainers, JSW Steel closed with gains of 2.86 percent, NTPC 1.27 percent, Tata Steel 1.17 percent, Titan 0.41 percent, Asian Paints closed with gains of 0.22 percent. Reliance shares closed with a fall of 3.23 percent, Axis Bank 3.12 percent, ICICI Bank 2.58 percent, Nestle 2.12 percent, Tech Mahindra 2.10 percent, Mahindra & Mahindra 2.03 percent, Maruti Suzuki 1.99 percent.
Investors lost Rs 3.70 lakh crore
Due to the sharp fall in the stock market, investors have suffered huge losses in today’s session. The market cap of shares listed on BSE closed at Rs 474.25 lakh crore, which had closed at Rs 477.93 lakh crore in the previous session. That means investors have suffered a loss of Rs 3.68 lakh crore in today’s session.
Sectoral Update
Maximum profit booking has been seen in banking stocks in the market. Nifty Bank also closed with a fall of 857 points. Apart from this, auto and IT shares also declined. There was selling in shares of Pharma, FMCG, Energy, Consumer Durables, Healthcare, Oil and Gas sectors. Only metal and media shares closed with gains. A decline has also been seen in midcap and smallcap shares in today’s trading.
