look news india
Stock Market Today: The weekly rally in the Indian stock market has come to a halt today. Sensex and Nifty are trading in correction mode after opening with a decline today. Profit booking was seen in the shares of banking-financial services, consumer durables, auto and private banks. The market cap of BSE is Rs 448.43 lakh crore.
Sensex today closed at 570.71 points after opening 270.69 points down. At 10.47 am, Nifty was down 284 points and trading 44.80 points down at 24257.35. Out of a total of 3780 stocks on BSE, 2037 stocks are trading in favor of improvement and 1606 stocks are trading in favor of decline. Which shows the market breadth to be positive. 246 stocks hit upper circuit, 155 stocks hit lower circuit, 289 stocks hit 52-week high and 14 stocks hit year's low.
Smallcap-Midcap again reached new record highs today
Correction has been seen in largecap stocks, while the upward trend in smallcap and midcap stocks continues and today the index has again reached a new record high. In the midcap segment, shares of IRFC, CG Power, NIACL, GICRE are trading at a gain of 5 percent. While smallcap stocks are trading up to 20 percent. Smallcaps are trading at a gain of 325 points and midcaps are trading at a gain of 134 points.
The reason for the fall in the stock market is the selling pressure in HDFC Bank. HDFC Bank fell by 4 percent. The fall in HDFC Bank was due to the June quarter business update. The performance of the bank was weaker than expected. The stock market has been on a rise with significant gains in eight of the last 10 trading sessions. Therefore, experts are predicting a correction in the market.