look news india
Stock Market Closing Bell: After hitting new daily record highs for three consecutive trading sessions, the Indian stock market remained volatile today. After fluctuating by 502 points, the Sensex closed 220.05 points down at 75170.45. The Nifty closed 44.30 points down at 22888.15.
After a positive opening, profit booking started in the market. As a result, Sensex and Nifty closed with a decline due to increased selling in the last trading session. Oil and gas, capital goods, telecom, PSU bank, power and realty indices fell by 1 to 2 percent. The only pharma index closed 0.5 percent higher.
Nifty 50 Top Losers
| Scripps | to reduce |
| Adani Ports | 2.17% |
| power grid | 1.64% |
| Coal India | 1.53% |
| BPCL | 1.59% |
| Adani Enterprises | 1.52% |
nifty 50 Top Gainers
| Scripps | to reduce |
| Davis Labs | 3.05% |
| SBI Life | 2.96% |
| HDFC Life | 2.44% |
| Hero MotoCorp | 1.99% |
| Grasim Industries | 1.86% |
A sign of rising volatility
The India VIX index is indicating increased volatility in the market. The India VIX index today closed at 24.20, up 4.32 per cent. It reached an intra-day high of 24.48. A continuous rise in this fear index indicates extreme volatility in the stock market.
Stock Market According to Experts
Market experts are focusing on the level of 23000 of Nifty. Stability will remain with the strong resistance level of 22950-23000. Experts are expecting to see massive selling pressure if there is a change in this level.
