New Delhi, March 04 (HS):Due to fear of tariff war intensifying, the domestic stock market closed with a decline once again on Tuesday. Nifty ended its trading in red for the 10th consecutive trading day today. Sensex closed below the 73 thousand points level today. Unlike index stocks, buying continued in small and midcap stocks.
As soon as the market opened, a tussle started between buyers and sellers, due to which the stock market movement also fluctuated throughout the day. After the whole day’s trading, Sensex closed with a weakness of 0.13 percent and Nifty with a weakness of 0.17 percent.
Today, during the whole day’s trading, buying continued in the shares of Public Sector Enterprise, Oil and Gas and Energy Sector. Similarly, banking, capital goods, consumer durables, health care and metal indices also closed with gains. There was selling in IT, automobile, tech and FMCG sector stocks. Despite the selling in index stocks, there was buying in the broader market today, due to which the BSE midcap index closed with a gain of 0.08 percent. Similarly, the smallcap index ended today’s trading with a gain of 1.28 percent.
Today, due to buying in midcap and smallcap stocks, despite the weakness in the market, the wealth of stock market investors increased by more than Rs 95 thousand crore. The market capitalization of companies listed on BSE increased to Rs 384.97 lakh crore (provisional) after today’s trading, whereas on the previous trading day i.e. Monday, their market capitalization was Rs 384.01 lakh crore. In this way, investors got a profit of about Rs 96 thousand crore from today’s trading.
There was active trading in 4,086 shares in BSE during the day’s trading. Of these, 2,217 stocks closed with gains, while 1,740 stocks declined, while 129 stocks closed without any fluctuations.
Active trading took place in 2,639 stocks on NSE today. Of these, 1,573 stocks closed in the green mark after making profits and 1,066 stocks closed in the red mark after suffering losses. Similarly, out of the 30 stocks included in the Sensex, 12 stocks closed with gains and 18 stocks closed with losses. While out of the 50 stocks included in the Nifty, 23 stocks closed in the green mark and 27 stocks closed in the red mark.
The BSE Sensex today opened with a weakness of 268.60 points at 72,817.34 points. As soon as the trading started, due to selling pressure, the index fell 452.40 points to 72,633.54 points. However, soon after this, the buyers took over and started buying, due to which the condition of this index started improving. With the support of buying, this index was able to recover about 400 points from the lower level and reach 73,033.18 points. However, due to the start of selling once again at the last moment, the Sensex closed with a weakness of 96.01 points at the level of 72,989.93 points. Like the Sensex, NSE’s Nifty today started trading at a level of 21,974.45 points, falling 144.85 points.
As soon as the market opened, due to selling pressure, this index fell to 21,964.60 points with a weakness of 154.70 points. However, after this, due to the start of buying, this index was able to recover about 140 points from the lower level and reach 22,105.05 points. Nifty closed at 22,082.65 points with a weakness of 36.65 points due to increased selling pressure once again in the last half hour of trading.
After the whole day’s trading, among the big stocks of the stock market, BPCL joined the list of today’s top 5 gainers with a strength of 3.10 percent, State Bank of India 2.98 percent, Bharat Electronics 2.84 percent, Shriram Finance 1.87 percent and Adani Enterprise 1.31 percent. On the other hand, Bajaj Auto joined the list of today’s top 5 losers with a weakness of 4.95 percent, Hero MotoCorp 3.19 percent, Bajaj Finserv 2.62 percent, HCL Technology 2.35 percent and Eicher Motors 1.86 percent.
Hindusthan Samachar / Jun Sarkar
