The continuous decline in the stock market is showing no signs of stopping. On Monday, the first day of the week, the domestic stock market once again closed with a decline. Today, BSE Sensex fell 324.17 points (0.39%) to close at 83,246.18. At the same time, NSE Nifty 50 index fell 108.85 points (0.42 percent) and closed at 25,585.50 points. It is noteworthy that today the market had opened with a decline. A big fall was seen in the prices of shares of many big companies included in the Sensex today.
31 out of 50 companies of Nifty 50 closed with a decline.
On Monday, only 14 out of 30 Sensex companies closed with gains, while the remaining 16 companies closed with losses. Similarly, out of 50 Nifty 50 companies, only 19 companies closed with gains today, while the remaining 31 companies closed with losses. Among Sensex companies, IndiGo shares closed with the biggest gain of 3.97 per cent. In contrast, shares of Reliance Industries closed with the biggest fall of 3.09 per cent.
Nifty 50 Top Performers and Gainers
In Nifty 50, heavyweight stocks like Reliance Industries and Wipro were under pressure today. Wipro fell about 8%, while Reliance Industries fell about 3%. Tata Motors PV closed down by around 2.11% and Max Healthcare fell by around 1.87%, negatively impacting the index. Meanwhile, InterGlobe Aviation (IndiGo) saw a sharp rise of about 4.3%. Tech Mahindra rose 3.56%, while HUL closed up about 2.5% and Maruti Suzuki gained about 2%. Selective buying was seen in aviation and IT stocks.
Stocks with significant fluctuations
Bharat Coking Coal had a spectacular listing, with its share price rising by nearly 77%. Welspun Corp gained about 7.2% after the company won a big order worth ₹3100 crore. CG Power gained nearly 4.5%, and Polycab gained nearly 4% after positive management commentary.
During intraday trading, Sensex was down over 500 points and Nifty was down over 170 points. Nifty’s intraday low was 25,494. India VIX rose by 4.77%. Midcap and smallcap indices also saw a sharp decline. Realty and oil and gas indexes fell by more than 2%. Selling pressure was also seen in IT stocks.
