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The Indian stock market closed in the red zone today i.e. Wednesday, September 11. The market opened with flat trading in the morning. The Sensex closed 389 points down at 81,523. Nifty also saw a decline of 122 points. It closed at 24,918. Out of 30 Sensex stocks, 20 declined and 10 rose. Out of 50 Nifty stocks, 34 declined and 16 rose. Apart from Nifty FMCG, selling was seen in stocks of all sectors.
Sectoral Updates
In today's trading, buying was seen in the shares of FMCG and consumer durables sector. Apart from this, shares of banking, IT, auto, pharma, healthcare, metal, energy, oil and gas, media sector closed with a decline. Midcap and smallcap stocks have also seen a huge decline in today's trading session.
Investors lost more than Rs 2.5 lakh crore
Investors suffered losses due to profit booking in the market in today's trading session. The market cap of shares listed on BSE stood at Rs. 463.49 lakh crore, which was Rs. 460.96 crore in the previous trading session. The market cap of the market has decreased by Rs. 2.53 lakh crore in today's trading.
A decline was seen yesterday on Tuesday
Crude oil prices have stabilized after hitting a three-year low. Brent crude futures rose 0.52 percent to $69.55 a barrel after falling more than 3 percent on Tuesday. While US West Texas Intermediate crude rose 0.61 percent to $66.15 a barrel.