Today’s session has proved to be a Black Friday for the Indian stock market. Due to heavy selling in the consumer durables, banking and auto sectors, the market closed with a sharp decline in the last trading session of the week. The Sensex has slipped below 80000, while midcap stocks and small cap stocks have also fallen. Investors have suffered a loss of more than Rs 6 lakh crore in today’s session. At the close of the market, the Sensex closed at 79,402, down 663 points, and the National Stock Exchange’s Nifty closed at 24,180 points, down 218 points.
Rising and falling stocks
In today’s trading, 10 of the 30 Sensex stocks closed with gains while 20 saw a decline. The biggest decline was seen in the stock of Indusind Bank, which closed 18.79 percent lower due to its poor results. Apart from this, Mahindra & Mahindra closed down by 3.56 percent, L&T by 3.01 percent, NPTC by 2.73 percent, Adani Ports by 2.33 percent, Maruti by 2.14 percent. Among the gainers, ITC closed up by 2.24 percent, Axis Bank by 1.85 percent, HUL by 0.96 percent, Sun Pharma by 0.53 percent, ICICI Bank by 0.51 percent.
Investors suffer loss of 6 lakh crores in the stock market
Due to heavy selling in the stock market, investors have suffered heavy losses today as well. The market cap of stocks listed on BSE closed at Rs 437.76 lakh crore, which was close to Rs 444 lakh crore in the last session. That is, investors have suffered a loss of more than Rs 6 lakh crore in today’s session.
Sectoral update
Today the biggest decline was seen in the shares of banking, consumer durables, auto, oil and gas energy, media, metals sector. Only the stocks of pharma and FCG sector closed with gains. Nifty’s midcap index closed with a decline of 1071 points and small cap closed with a decline of 401 points
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