Stock market: Sensex closes below 48700, down 471 points, Nifty falls by more than one percent


Today, on the third trading day of the week i.e. Wednesday, the stock market closed on the red mark. The Bombay Stock Exchange's flagship index Sensex closed down 471.01 points, or 0.96 percent, at 48690.80. At the same time, the National Stock Exchange's Nifty closed at 14696.50, down by 154.25 points, or 1.04 percent. The BSE Sensex gained 424.11, or 0.86 percent, based on 30 stocks in the previous week. It is known that Eid-ul-Fitr's holy festival will be celebrated across the country tomorrow. On this occasion, the domestic stock market will be closed.

State of heavy stock

Talking about the big stocks, today the shares of Tata Motors, Titan, Maruti, Power Grid, and Cipla closed on the green mark. The shares of Hindalco, JSW Steel, Tata Steel, BPCL, and IndusInd Bank closed at the red mark.

Sectoral index tracking

If we look at the sectoral index, today all sectors of PSU bank, auto, and media closed on the red mark. These include reality, pharma, private banks, IT, FMCG, metals, pharma, banks, and financial services.

Last week, eight of the top 10 companies of Sensex gained

The market capitalization of eight of the 10 most valuable companies in the country increased by Rs 81,250.83 crore combined last week. Tata Consultancy Services (TCS) was the biggest gainer in this. Last week, only Reliance Industries Ltd and Infosys lost in terms of market capitalization.

Mutual fund units invested so much in shares in April

Mutual fund units invested Rs 5,526 crore in shares in April. This is the second consecutive month that they have invested in stocks after seeing some improvement in the market. Invest 19's founder and CEO (Chief Executive Officer) Kaushalendra Singh Sengar said that many financial technology companies are coming into the field, this has increased the number of users. In such a situation, the investment in mutual funds will increase in the coming months.

The market was open on the red mark

In early trade, the Sensex was down 221.45 points (0.45 percent) to open at 48940.36. At the same time, the Nifty was down 50.30 points (0.34 percent) at the 14800.50 level.

The stock market closed on the red mark on Tuesday

The stock market closed on the red mark on Tuesday. The Sensex had closed at the level of 49,161.81, down 340.60 points, or 0.69 percent. The Nifty was down 91.60 points, or 0.61 percent, to close at 14,850.75.