look news india
Stock Market Today: The Indian stock market has reported a big decline today due to negative factors globally. After hitting an all-time high yesterday, there has been a universal sell-off due to profit booking and weak US PMI and unemployment data.
At 10.34 am today, the Sensex was trading 804.61 points down at 81062.95. The 81000 level was lost with a big crash as soon as the morning opened. In the Sensex pack, shares of HDFC Bank, Sun Pharma, Kotak Pharma and Hindustan Unilever were trading up by 1.25 percent. Apart from this, 26 stocks have registered a decline of up to 4 percent. US manufacturing PMI fell more than expected. Which has come down from June's level of 48.5 to 46.8 in July and the unemployment rate has also increased by 0.1 percent, while the US and European markets have declined. Due to which Asian markets have also remained dry.
Nifty failed to maintain 25000 level
Nifty managed to close at 25000 after reaching a record high of 25078.30 yesterday. But today it could not maintain this level. In the early session itself, after opening at 24789, at 10.36 am Nifty was trading at 24797.35 with a decline of 213.55 points. Seven stocks were trading higher and 43 stocks were down on Nifty.
Universal selling pressure has been seen in sectoral indices. The healthcare index was trading with a flat improvement of 0.03 percent. Apart from this, indices including metal, PSU, IT, realty, auto, capital goods are trading with a decline of 1 to 2 percent.
Investors' capital decreased by Rs 3.23 lakh crore
Investors' capital has eroded by Rs. 3.23 lakh crore at the time of writing today amid profit booking and correction in the stock market. Out of 3744 stocks in the Sensex pack, 1446 stocks were trading in favor of improvement and 2138 stocks were trading in favor of decline. 187 stocks reached the highest level of the year and 21 stocks reached the lowest level of the year. While 211 stocks hit upper circuit and 180 stocks hit lower circuit.