Market lost gains : Sensex closed down 282 points, Nifty also on red mark


Today, on the third trading day of the week i.e. Wednesday, the stock market lost all its gains and closed on the red mark. After the day's volatility, the Bombay Stock Exchange's major index Sensex closed 282.63 points (0.54 percent) down at 52,306.08. On the other hand, the Nifty of the National Stock Exchange closed at 15,686.95, down 85.80 points, or 0.54 percent. Last week, the 30-share BSE Sensex fell 130.31 points or 0.24 percent.

The market capitalization of four of the top 10 Sensex companies increased

Last week, the market capitalization of four of the top 10 Sensex companies increased by Rs 68,458.72 crore. Hindustan Unilever and Infosys were the top gainers. Reliance Industries, Tata Consultancy Services (TCS), Infosys, and Hindustan Unilever gained in market capitalization in the week under review. Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, SBI, Bajaj Finance, and Kotak Mahindra Bank respectively.

Strength in global markets

There was all-around buying in Asian stock markets. US stock markets closed strongly yesterday. Japan's Nikkei index is up 0.01 percent. Hong Kong's Hang Seng is up about 1.5 percent. China's Shanghai Composite and Korea's Kospi are up about 0.50 percent.

condition of big stocks

Talking about the big stocks, today the shares of Maruti, Titan, Bajaj Finserv, ONGC, and M&M closed on the green mark. On the other hand, the shares of Adani Ports, Divis Lab, JASW Steel, Shree Cement, and Wipro closed on the red mark.

Keeping an eye on the sectoral index

Looking at the sectoral index, today all sectors except auto closed on the red mark. These include FMCG, Finance Services, Banks, Realty, Private Banks, IT, PSU Banks, Pharma, Metal and Media.

The market was open on the green mark

In early trade, the Sensex opened at 52739.87 with a gain of 151.16 points (0.29 percent). Nifty opened at 15823.20 with a gain of 50.40 points (0.32 percent).

Sensex-Nifty closed with slight gains on Tuesday

The stock market closed with slight gains on Tuesday after a day's ups and downs. The Sensex closed at 52,588.71, up 14.25 points (0.03 per cent). On the other hand, Nifty closed at 15,772.75 with a marginal gain of 26.25 points or 0.17 percent.