Business News Desk – Pressure was seen in the market in the last session of the business week. After a full day’s work on Friday, Nifty and Sensex closed with a decline of more than 1 percent. Selling was also seen in midcap and smallcap stocks. The market closed at the lowest level of the day. All sectoral indices of BSE closed with a decline. The maximum pressure was seen in PSE, Oil & Gas and Energy indices. Selling was also seen in banking, auto and FMCG stocks. IT, Realty and Metal indices closed with a decline. On Friday, the rupee closed at 83.94 with a gain of 4 paise against the dollar. The total market capitalization of all the companies listed on BSE saw a decline of ₹ 6 lakh crore. After a full day’s work, 42 out of 50 Nifty stocks closed with a decline.
At what level did the market close today
After a full day of trading on Friday, the Nifty closed 293 points lower at 24,852. The Sensex closed 1,017 points lower at 81,184. The Nifty Midcap index closed 947 points lower at 58,502. The Nifty Bank closed 896 points lower at 50,577.
Which stocks saw a rise today?
LTIMindtree closed with marginal gains after Goldman Sachs gave an overweight opinion. Hero MotoCorp also saw gains for the 7th consecutive day. The stock closed with marginal gains today. Bajaj Finance closed with marginal gains ahead of Bajaj Housing Finance’s IPO. But, Bajaj Finserv remained in the red. SBI topped the list of Nifty’s weakest stocks. The stock closed down 4% after the brokerage note and SBI Card also closed down 4%.
HPCL and BPCL closed 4% lower amid reports of fuel price cuts by the government. Strides Pharma closed 1% up after the US FDA approved its asthma drug. Angel One closed 4% down after mixed business updates. Vodafone Idea closed 12% down after Goldman Sachs set a target price of ₹2.5 per share. VA Tech Wabag closed 2% up after it received a ₹2,700 crore order from the Saudi Water Authority. Aavas Financiers closed 3% up after a buy rating from Goldman Sachs. Indus Tower closed 4% down. Indigo Paints closed nearly 4% down after a block deal.
How was the market this week?
With today’s decline, the market has put a break on a 3-week weekly rally. Nifty and Sensex declined by about 1% this week. On a weekly basis, PSU Bank declined by about 5%. Nifty Energy closed with a decline of 4%. This week, 36 out of 50 Nifty stocks closed with a decline. Coal India, ONGC, Tata Motors, Dr. Reddy’s Labs topped the list of Nifty’s weakest stocks. Hero MotoCorp, Asian Paints, Bajaj Finserv and Titan topped the list of Nifty’s gainers this week. On the other hand, from the midcap sector, HUDCO, Indian Bank and Canara Bank have seen the biggest decline this week.
