look news india
Stock Market Today: The stock markets are trading with recession for the third consecutive session. The reason behind this is the selling by foreign investors due to uncertainties at the global level. Investors are keeping an eye on the next step of the US Federal Reserve as well as the economic scenario. After opening with a decline today, the Sensex fell 371.43 points and closed at 80313.02. Foreign investors withdrew investment worth Rs 6409.86 crore yesterday.
At 10.33 am the Sensex was trading 194.72 points down. Nifty was also trading at 24286.20. Out of 30 Sensex stocks, 7 stocks were up while 23 stocks saw a difference of up to 2 percent.
Heavy selling in electricity and capital goods
Heavy selling has been seen in power and capital goods shares in the stock market. Healthcare, IT and telecom indices were trading in the green zone at 10.40 am after opening with losses. On BSE, there was upper circuit in 250 shares and lower circuit in 170 shares. While 197 shares reached the year’s highest level and 23 shares reached the year’s lowest level. Market cap has been recorded at Rs 452.83 lakh crore.
Rise in healthcare stocks
Healthcare stocks witnessed a surge today as rating agencies indicated that the Indian healthcare sector has strong growth prospects in the times to come. Dr. Reddy’s 2.39 percent, Cipla 1.53 percent, Sun Pharma 1.37 percent are performing as the top gainers of Nifty-50. While PowerGrid is trading down by 1.96 per cent, Tata Motors by 1.75 per cent, Bharat Electronics by 1.61 per cent.
