Today, on the third trading day of the week i.e. on Wednesday, the stock market closed on the red mark after a day's trading. The Bombay Stock Exchange's flagship index Sensex closed 135.05 points (0.26 percent) down at 52,443.71. On the other hand, the Nifty of the National Stock Exchange closed at 15,709.40, down 37.05 points (0.24 percent). Last week, the BSE 30-share Sensex was down 164.26 points or 0.30 percent.
Six banks including SBI bought a stake in IBBIC
State Bank of India (SBI), Axis Bank, Indian Bank, Yes Bank, IDBI Bank, and ICICI Bank have bought a stake in fintech platform IBBIC. These banks have bought a 5.55- 5.55 percent stake. This stake is equivalent to 50,000-50,000 shares and for this, five lakh rupees have been paid. The IBBIC forum was established in May this year. It provides Distributed Ledger Technology (DLT) solutions to the Indian financial services sector. It aims to provide DLT solutions for the financial services sector. SBI shares closed down 0.93 percent at 425.45 on the BSE today.
The market capitalization of six of the top 10 Sensex companies decreased
The market capitalization of six of the top 10 Sensex companies declined by Rs 76,640.54 crore last week. HDFC Bank suffered the most. Reliance Industries ranks first in the list of top 10 companies. It is followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC, SBI, Bajaj Finance, and Kotak Mahindra Bank respectively.
Such was the condition of giant stocks
Talking about the big stocks, after the day's trading, the shares of SBI Life, Tata Steel, Divis Lab, Bharti Airtel, and IndusInd Bank closed on the green mark. While Dr. Reddy's, Kotak Bank, Cipla, Tata Motors, and M&M's shares closed on the red mark.
Keeping an eye on the sectoral index
Looking at the sectoral index, today metal and IT closed on the edge. PSU Bank, Media, Pharma, Auto, Bank, Finance Service, Private Bank, and Realty closed on the red mark. There was no change in FMCG.
The market was open on the red mark
The stock market was open on the red mark in early trading. The Sensex opened at 52369.64, down 209.12 points (0.40 percent). Nifty opened at 15678.70 with a decline of 67.80 points (0.43 percent).
Sensex-Nifty closed on the red mark on the last trading day
The Sensex closed at 52,578.76, down 273.51 points (0.52 percent) on the last trading day. On the other hand, Nifty closed at 15,746.45, down 78.00 points (0.49 percent).