Profit recovery in stock market after two days of rise, big fall in Sensex and Nifty

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Profit recovery in stock market after two days of rise, big fall in Sensex and Nifty
Profit recovery in stock market after two days of rise, big fall in Sensex and Nifty

– Investors lost Rs 4.28 lakh crore in 1 day

New Delhi, 07 November (Hindustan Reporter). After two consecutive days of strength, the domestic stock market became a victim of profit booking today. Today’s trading started with a slight gain, but after the market opened, there was selling pressure on the market. Due to all-round selling, both Sensex and Nifty indices fell. Although buyers later tried to support the market by buying, the selling pressure was so high that the stock market continued to trade in the red. After the entire day’s trading, Sensex closed with a fall of 1.04 percent and Nifty with a fall of 1.16 percent.

Today, during the day’s trading, there was maximum selling in shares of metal, automobile, pharmaceutical, realty and telecom sectors. Apart from this, Banking, IT, Capital Goods, Consumer Durable, FMCG, Oil & Gas and Tech indices also fell victim to the fall. There was continuous selling pressure in the broader market today, due to which the BSE Midcap Index closed with a weakness of 0.67 percent. Similarly, the Smallcap index ended today’s trading with a decline of 0.44 percent.

Today, due to weakness in the stock market, the wealth of stock market investors reduced by more than Rs 4 lakh crore. The market capitalization of BSE listed companies declined to Rs 448.31 lakh crore (provisional) after today’s trading. Whereas on the last trading day i.e. Wednesday, their market capitalization was Rs 452.59 lakh crore. In this way, investors suffered a loss of about Rs 4.28 lakh crore from today’s trading.

Today, there was active trading in 4,053 shares in BSE during the day’s trading. Of these, 1,825 shares closed with gains, while 2,129 shares closed with a decline, while 99 shares closed without any movement. There was active trading in 2,494 shares in NSE today. Of these, 944 shares closed in the green mark after earning profit and 1,550 shares closed in the red mark after incurring a loss. Similarly, out of 30 shares included in Sensex, only 1 share closed with gains and 29 shares with decline, whereas out of 50 shares included in Nifty, 5 shares closed in green mark and 45 shares closed in red mark.

BSE Sensex opened today at 80,563.42 points with a gain of 185.29 points. Due to selling pressure as soon as the trading started, this index fell by a huge fall of 958.79 points to the level of 79,419.34 points shortly after 10 am. Although after this the buyers tried to create buying pressure, which led to a slight improvement in the position of this index, but the selling pressure was so high that this index continued to trade in the red. After buying and selling throughout the day, the Sensex closed at 73,541.79 points with a weakness of 836.34 points.

Like Sensex, NSE’s Nifty started trading today with a slight gain of 5.55 points at the level of 24,489.60 points. Due to profit booking starting as soon as the market opened, this index fell by 305 points to the level of 24,179.05 points in the first hour of trading. However, after this the buyers also tried to create buying pressure, but due to selling pressure the movement of this index could not improve much. After the entire day’s trading, Nifty closed at 24,199.35 points with a fall of 284.70 points.

After buying and selling throughout the day, among the big stocks of the stock market, Apollo Hospital with a gain of 6.55 percent, State Bank of India by 0.56 percent, HDFC Life by 0.42 percent, TCS by 0.27 percent and Larsen & Toubro by 0.03 percent are today’s top 5 gainers. Joined the list. On the other hand, Hindalco Industries fell by 8.49 per cent, Trent Limited by 6.47 per cent, Shriram Finance by 3.66 per cent, Grasim Industries by 3.15 per cent and Tech Mahindra by 2.51 per cent joined the list of today’s top 5 losers.

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Hindustan News / Yogita Pathak

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