look news india
Stock Market Today: Indian stock markets are trading lower today after closing on a positive note for six consecutive trading sessions. After reaching a high of 74515.91 in the morning, Sensex fell 413.36 points. Nifty is also trading 26.70 points down at 22543.65 at 11.39 am after opening at 22620.40.
Investors' capital increased by Rs 1.31 lakh crore
Investor capital rose by Rs 1.31 lakh crore to Rs 405.49 lakh crore following stock-specific trends in Sensex and Nifty. A total of 220 shares hit year's high and 10-year low on BSE. 254 stocks were trading with upper circuit and 146 stocks with lower circuit. Out of total 3708 shares traded, 2140 are bullish and 1414 are bearish.
Reason for market decline
US GDP figures were lower than expected. Inflation has also increased, supporting the US Federal Reserve's announcement of no rate cuts this year. As a result, foreign investment is being withdrawn from the equity markets. Yesterday, foreign institutional investors (FIIs) recorded sales of Rs 2823.33 crore from the Indian capital market. However, domestic institutional investors (DII) invested Rs. The market is getting support of Rs 6167.56 crore.
Locally, profit-booking was seen in banking, financial services and telecom stocks. Movement is being seen in the shares based on the quarterly results. Important technical indicators suggest that the resistance levels for Nifty are 22623- 22699 and 22821 points. Technical analysts are advising to keep in mind the support levels of 22378- 22302 and 22180 points.