Saturday , November 23 2024

Boom in stock market, Sensex close to 73,700 points, slight rise in Nifty

Tuesday's trading session was very disappointing for the Indian stock market. After the statement of SEBI chief, heavy selling was seen in midcap and smallcap shares in today's session. There was strong profit-booking in public sector banks and public sector PSU stocks, which weakened market sentiment. At the end of today's trading, the Sensex closed at 73,667 points with a jump of 165 points. Whereas Nifty of National Stock Exchange closed at 22,335 points with a gain of just 3 points.

decrease in market value

Both the major indices of the Indian stock market, Sensex and Nifty, closed in the green. But due to huge fall in the shares of midcap and smallcap sector, there has been a huge decline in the market capitalization of the stocks listed on BSE. The market value of shares listed on BSE fell to Rs. Which was Rs 385.57 lakh crore in the last session. 389.60 lakh crore. That means in today's session investors will get Rs. There has been a loss of Rs 4.03 lakh crore.

market conditions

Midcap and smallcap stocks were hardest hit by the decline in today's trading. Nifty Midcap index closed down by 687 points or 1.41 percent. The Small Cap index closed down 305 points while the Nifty Next closed down 50,933 points. Shares of FMCG, Banking, Auto, Pharma, Metal, Real Estate, Energy, Consumer Durables, Healthcare sectors closed with losses.