look news india
Stock Market Closing: After hitting new record highs for four consecutive days due to positive factors at the global and domestic level, the Sensex and Nifty were flat today. Investors' capital got lost Rs 3.21 lakh crore due to heavy profit booking. The Sensex and Nifty were flat. Due to gains in banking, financial services and IT stocks, the Sensex rose 36.45 points to close at 77337.59, while the Nifty fell 41.90 points to close at 23516. Out of the 30 Sensex stocks, 10 improved and 20 declined.
315 stocks hit new highs
Out of the total 3972 shares traded on BSE today, 1642 shares were positive and 2228 shares were negative. 288 shares hit upper circuit and 214 shares hit lower circuit. 315 stocks closed at the highest level of the year and 20 stocks closed at the lowest level of the year. Bankex rose by 1.97 percent, Financial Services by 1.10 percent, IT index by 0.38 percent and Private Bank index by 2 percent. Heavy selling was seen in all other segments.
The market will remain volatile till the budget
According to market experts, despite the positive factors, the Indian stock market is discounted today. The reason behind this is the recent boom. Investors are currently booking profits. At the same time, the new NDA government is going to present the full budget of 2024-25 next month. On which everyone's eyes are on the new policies and schemes. Therefore, there is a possibility of fluctuations in the market till the budget.
Shares of private banks rose
Private bank stocks were the top gainers on Nifty50 today. Shares of Axis Bank, HDFC Bank, ICICI Bank, IndusInd Bank and Kotak Bank rose up to 3 per cent. All stocks improved except Federal Bank (-1.24 per cent), AU Bank (-0.17 per cent) and CUB (-0.13 per cent).
