New Delhi, July 31 (H.S.): The domestic stock market experienced notable volatility today. The trading session commenced with a significant decline, as pressure dominated the first half. However, following noon, aggressive buying led to a substantial rebound, with the Sensex climbing over 1,100 points from its lowest level and Nifty rising more than 320 points from its low. Despite this recovery, selling pressure in the last trading hour, attributed to monthly expiry, pushed both indices back into negative territory. By the end of the day, the Sensex registered a 0.36 percent decline, while Nifty slipped by 0.35 percent.
Throughout the day, substantial selling was evident across various sectors, specifically pharmaceuticals, oil and gas, and metals. Other sectors like public sector enterprises, energy, infrastructure, banking, IT, automobiles, capital goods, consumer durables, and tech also closed in the red. Conversely, the FMCG sector saw some buying interest. The broader market mirrored this sentiment, leading to a 0.70 percent drop in the BSE midcap index and a 0.85 percent decline in the small-cap index.
The downturn in the stock market resulted in a significant reduction of more than ₹2.5 lakh crore in investors’ wealth, with the total market capitalization of BSE-listed companies falling to ₹449.70 lakh crore, down from ₹452.29 lakh crore the previous day. Investors bore losses of approximately ₹2.59 lakh crore today.
A total of 4,153 shares were traded on BSE, with 1,606 closing in the green, while 2,411 ended lower, and 136 remained unchanged. On NSE, 2,658 shares were actively traded, with 872 gaining and 1,786 losing. Among the Sensex’s 30 stocks, 8 gained, and 22 fell, while out of 50 Nifty stocks, 13 closed higher and 37 lower.
The Sensex opened down 786.36 points at 80,695.50 but improved during the day. It surged to 81,803.27 points, only to close at 81,185.58, down 296.28 points. Nifty opened down 212.80 points at 24,642.25, hitting a high of 24,956.50 before closing at 24,768.35, falling 86.70 points. Noteworthy gainers included Hindustan Unilever (3.44%), while top losers included Adani Enterprises (4.03%).
Hindusthan Samachar / Jun Sarkar
