look news india
Stock Market Closing Bell: Today, Sensex closed at 73466.39 with a slight fall of 45.46 points after intra-day volatility of 611 points due to heavy profit-booking and stock specific rally in the stock market. During intra-day, Nifty also broke the level of 22200 at one time, which created confusion among investors. But finally gave relief by closing flat (zero fluctuations) at 22302.50.
According to BSE Market Cap, today investors' capital increased by Rs 2.29 lakh crore. Today 2128 shares improved and 1667 shares closed with a decline. 154 stocks reached year's highest level. Whereas 31 stocks recorded their lowest level of the year. A trend of 15-15 was also seen in the Sensex pack. In other words, there was an improvement of up to 2.43 percent in 15 stocks and a decline of up to 2.31 percent in 15 stocks.
PSU, metal, oil and gas shares shine
After the latest update on RBI's infra loan issue, the fall in public sector shares has now turned into a bumper rally. Shares of 55 government companies included in the S&P BSE PSU index closed today with a rise of 2 per cent to 8 per cent. Only shares of ITI, Canara Bank and KIOCL fell by 1.62 per cent to 3.25 per cent. HUDCO shares closed up by 7.76 per cent, NBCC by 5.72 per cent, REC by 5.39 per cent. Mazgaon Dock also increased by 4.65 percent. Apart from this, the index rose by more than 1 percent due to improvement in metal and oil and gas shares.
Market experts are saying that correction is being seen in the market before the results of Lok Sabha elections. Encouraging results in the FMCG and consumer durables segments led to stock-specific buying as demand picked up in rural areas.