New Delhi: RBI's monetary policy indicated that interest rates may be cut in the coming days, which raised hopes among investors. Despite this, the market declined in the last hour of the market due to selling in FMCG and energy stocks. After a great rise throughout the day, Nifty closed below 25,000. Nifty fell 280 points from its day's highest level and Sensex fell by 1,000 points. However, midcap and smallcap stocks continued to rise.
market condition
At the end of trading, the BSE Sensex closed down 168 points at 81,467, while the Nifty closed down 31 points at 24,981. Although the market started with a boom, in the end, the effect of selling was seen in FMCG and energy stocks. Buying continued in midcap and smallcap stocks.
Top stocks rising and falling.
Out of the 30 Sensex stocks, 21 closed with gains while 9 declined. Out of the 50 Nifty stocks, 29 closed with gains and 21 with losses.
Key uptrend stocks:
– Tata Motors: 2.15%
– Tech Mahindra: 1.92%
– Maruti Suzuki: 1.80%
– SBI: 1.66%
– Bajaj Finance: 1.57%
Key stocks that declined:
– ITC: 3.08%
– Nestle: 2.21%
– Reliance: 1.65%
– HUL: 1.47%
– L&T: 1.13%
Investors' wealth jumps by Rs 3 lakh crore.
Despite the fall in Sensex-Nifty, the market cap of companies listed on BSE has seen a jump. In today's session, investors' wealth increased by about Rs 3 lakh crore, taking the total market cap of BSE to Rs 462.43 lakh crore.
What was the situation in which sector
1. Booming sectors: Auto, IT, pharma, real estate, media, healthcare, and consumer durables sectors witnessed gains.
2. Declining sectors: FMCG, banking, energy, and oil and gas sectors remained under pressure.
Midcap and smallcap stocks rose.
In today's trading, maximum buying was seen in midcap and smallcap stocks, due to which these sectors closed on the green mark.
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