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New Delhi, July 22 (HS). A day before the presentation of the budget for the year 2024-25, the domestic stock market was seen trading in a cautious posture. Today's trading started with a decline. After the market opened, both the Sensex and Nifty indices were successful in reaching the green mark with the support of buying, but after the presentation of the Economic Survey in Parliament, there was selling pressure in the market, due to which both the indices again dived into the red mark. After the whole day's trading, the Sensex closed with a decline of 0.13 percent and Nifty 0.09 percent.
During today's trading, there was buying in the stocks of metal, automobile, pharmaceutical, power, capital goods and healthcare sectors. On the other hand, there was selling pressure in the stocks of IT, banking, realty, FMCG, oil and gas and media sectors. However, there was continuous buying in the broader market today, due to which the BSE midcap index closed with a gain of 1.27 percent. Similarly, the smallcap index ended today's trading with a gain of 0.83 percent.
Despite the weakness in the market today, the wealth of stock market investors increased by more than Rs 2 lakh crore due to buying in small and medium shares. The market capitalization of companies listed on BSE increased to Rs 448.45 lakh crore (provisional) after today's trading. On the last trading day of last week i.e. Friday, their market capitalization was Rs 446.39 lakh crore. In this way, investors made a profit of about Rs 2.06 lakh crore from today's trading.
There was active trading in 4,152 shares on BSE during today's trading. Of these, 2,190 shares closed with a gain while 1,822 shares showed a decline, whereas 140 shares closed without any fluctuation. There was active trading in 2,383 shares on NSE today. Of these, 1,345 shares closed in the green zone after making profits, while 1,038 shares closed in the red zone after incurring losses. Similarly, out of the 30 shares included in Sensex, 14 shares closed with a gain and 16 shares closed with a decline. Out of the 50 shares included in Nifty, 30 shares closed in the green zone and 20 shares closed in the red zone.
BSE's Sensex opened today with a weakness of 195.75 points at 80,408.90 points. After the start of trading, buyers made a strong buying push, due to which the index recovered in a short while and reached the green mark. With the support of continuous buying, the index reached the level of 80,800.92 points with a strength of 196.27 points shortly before 11 o'clock. After the presentation of the Economic Survey in Parliament, there was a selling pressure in the market, due to which this index once again dived into the red mark. Under the selling pressure, the index fell by 504 points to 80,100.65 points. However, after this, the buyers once again tried to make a strong buying push, due to which the index recovered about 400 points from the lower level and ended today's trading at the level of 80,502.08 points with a decline of 102.57 points.
Like the Sensex, the NSE Nifty also started trading at 24,445.75 points, down 85.15 points. Due to buying support in the early trade, the index recovered nearly 150 points from the lower level and rose 64.30 points to reach 24,595.20 points shortly before 11 in the afternoon. After this, there was selling pressure in the market, due to which the index again plunged into the red zone after a short while. After the whole day's trading, the Nifty closed at 24,509.25 points, down 21.65 points.
After the day's buying and selling, among the big stocks of the stock market, Grasim Industries 2.50 percent, NTPC 2.43 percent, UltraTech Cement 2.29 percent, HDFC Bank 2.19 percent and Dr. Reddy's Laboratories 2.03 percent strengthened and were included in the list of top 5 gainers of today. Wipro 9.22 percent, Kotak Mahindra 3.52 percent, Reliance Industries 3.50 percent, ITC 1.69 percent and SBI Life Insurance 1.61 percent declined and were included in the list of top 5 losers of today.
