Share Market Close: After a slight rise, the stock market again declined and both Sensex and Nifty closed flat. Sensex closed at 80,065.16 after falling 16.82 points or 0.02 percent, while Nifty closed at 24,399.40 after falling 36.10 points or 0.15 percent. Due to this decline, investors lost Rs 1.33 lakh crore today.
At the same time, the Nifty Midcap 100 index closed at 56,349.75 after slipping 183.80 points or 0.33 percent. The Nifty Smallcap 100 index closed at 18,249.15 after slipping 37.50 points or 0.20 percent. Nifty Bank closed at 51,531.15 after climbing 292.15 points or 0.57 percent. Selling was seen in the auto, IT, MCG, metal, realty, and media sectors of Nifty. At the same time, buying was done in PSU banks, fin services, pharma, energy, private banks, infra, and commodities.
Market sentiment is negative
On the Bombay Stock Exchange (BSE), 1,590 stocks were trading in the green, and 2,343 in the red. At the same time, 100 stocks closed without any change. UltraTech Cement, M&M, Titan, Adani Ports, SBI, Bajaj Finance, Power Grid, HDFC Bank, NTPC, and Sun Pharma were the top gainers in the Sensex pack. At the same time, Hindustan Unilever Limited, Nestle India, ITC, Maruti, and Asian Paints were the top losers.
UltraTech Cement, Shriram Finance, M&M, Grasim, Titan, Adani Ports, BEL, SBI, Bajaj Finance, and Power Grid were the top gainers in the Nifty pack. Hindustan Unilever Limited, SBI Life, Hindalco, Nestle India, Bajaj Auto, Britannia, and Maruti were the top losers. According to market experts, despite continued selling by FIIs, benchmark indices recorded only marginal declines as India's October PMI data continued to indicate healthy growth, which also supports RBI's growth guidelines for FY25.
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