look news india
Ahead of the release of the minutes of the Federal Reserve meeting this evening, Indian stock market indices were broadly up and ended the day with gains. FMCG stocks and Reliance Industries in particular led the rise today. After opening 212 points higher at the start of the session today, the Sensex touched an intraday low of 73,860 and an intraday high of 74,307 about five minutes before the session ended. Thus, a total fluctuation of 447 points was seen in this index. The special thing was that every rally was accompanied by profit booking or short selling, due to which the index fell back. Amid minor fluctuations amid the choppy conditions, the Sensex closed 267 points or 0.36 per cent higher at 74,221, down 86 points from the intra-day high. Similarly, after initially opening 47 points higher, Nifty made an intra-day low of 22,483 and high of 22,629. Thus, a total fluctuation of 146 points was seen in this index. Nifty also clawed back every bounce and ended the day up 69 points or 0.32 per cent at 22,598, 31 points below intraday high.
Mid-cap and small-cap stocks witnessed a mixed trend, but the BSE mid-cap and small-cap indices hit new record highs today. The mid-cap index hit a new high of 43,384, while the small-cap index hit a new high of 48,198. At the end of the day, the mid-cap index closed 21 points or 0.05 per cent lower at 43,170, while the smallcap index rose 88 points or 0.18 per cent to close at 47,961. Among the Sensex stocks, HUL, Reliance Industries, Infosys, Asian Paints and ITC were the top gainers, gaining 1 to 2 per cent. On the other hand, SBI, JSW Steel, Axis Bank, ICICI Bank and Tata Steel were among the top losers. The Nifty IT index rose 0.7 per cent today as Indian IT stocks rose. FMCG sector stocks, which are considered safe stocks when the market is volatile, were up today. The FMCG index closed 1.43 percent higher due to the rise in the shares of Dabur, Tata Consumer and HUL. Today, 1,901 shares rose, 1,932 shares fell while 115 shares closed flat. The Nifty Realty Index also closed 1.4 percent higher. On the other hand, the Nifty Private Bank, Financial Services and Metal Index declined by up to 0.6 percent.
Slow decline in domestic gold, stability in silver
After the slowdown in bullion in the global market, a slow decline in gold prices continued domestically on Wednesday. Whereas the price of silver stopped today and remained stable. According to market experts, after the strong rise in gold and silver in the last few days, the price of gold is falling due to profit booking. Silver prices have remained stable due to intact industrial demand. 24 carat gold per 10 grams in Ahmedabad is Rs. Rs 100 were reduced. Rs 76,500 and 22 carat gold. 76,300 was done. The price per kilogram of silver is Rs 10. Remained steady at the top of 93,000. In the global market, late on Wednesday night, gold spot on Comex was trading down by $11.30 at $2,414.50 an ounce and silver was trading down by 24.6 cents at $31.83 an ounce. Bullion analysts believe that if international gold breaks the $2,400 level, there is a possibility of a prolonged recession. This possibility is less in the current circumstances.
