Business News Desk – There has been a lot of turmoil in the Indian stock market in today’s trading session. The stock market slipped below the day’s high due to selling by investors. This decline in the market has come due to selling in energy and banking shares. However, heavy buying has been seen in IT stocks. Despite this, Sensex and Nifty closed with a decline. There was a surge in buying in midcap and smallcap stocks. At the end of today’s trading, BSE Sensex closed at 84,266 with a slight fall of 34 points and Nifty of National Stock Exchange closed at 25,797 points with a fall of 14 points.
Rise in market cap
Both the major indices of the market Sensex-Nifty closed with a decline. But due to the decline in midcap and smallcap stocks, there has been a rise in the market cap of listed stocks. The market cap of shares listed on BSE closed at Rs 474.98 lakh crore, which had closed at Rs 474.35 lakh crore in the previous session. A jump of Rs 63000 crore has been seen in the market cap in today’s session.
Sectoral Update
In today’s trading, shares of auto, IT, pharma, metal, media and consumer durables sectors have seen a rise. Whereas shares of energy, oil and gas, healthcare, banking and real estate sectors have seen a decline. But the most enthusiasm in the market was seen in high midcap and smallcap stocks. Nifty Midcap index closed at 60,358 points with a jump of 204 points and Nifty Smallcap index closed at 19,331 points with a jump of 151 points.
rising and falling shares
Out of 30 Sensex stocks, 14 stocks closed with gains and 16 with decline. Whereas out of 50 Nifty stocks, 21 closed with gains and 29 with decline. Among rising stocks, Tech Mahindra closed with a gain of 2.93%, Mahindra & Mahindra closed with a gain of 2.22%, Kotak Bank closed with a gain of 1.55%, Infosys closed with a gain of 1.53%, HCL Tech closed with a gain of 1.18%, SBI closed with a gain of 1.01%, Adani Ports closed with a gain of 0.93%, Nestle closed with a gain of 0.68%, ICICI Bank closed with a gain of 0.56% , UltraTech Cement closed with gains of 0.33%, TCS closed with gains of 0.32%, Bajaj Finserv closed with gains of 0.12%, Bajaj Finance closed with gains of 0.93%. Among the losers, IndusInd Bank closed with a loss of 2.64%, Asian Paints closed with a loss of 1.54%, HUL closed with a loss of 1.03%, Tata Steel closed with a loss of 0.98%.
