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Resilience on Display: Market Shakes Off Lows as Investor Wealth Paradoxically Rises

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Delhi, 13 October (H.S.): The domestic stock market ended in the red on Monday, the first trading session of the week, succumbing to pressure from weak global signals. However, the market demonstrated resilience by staging a significant recovery from its intraday lows. After opening with a gap down, buyers attempted to support the indices, but persistent global headwinds prevented any sustained move into positive territory. By the end of the day, the Sensex had fallen by 0.21% and the Nifty by 0.23%.Despite the decline in benchmark indices, the total market capitalization of companies listed on the BSE paradoxically increased by approximately ₹41,000 crore.

The total market valuation rose to an provisional ₹462.49 lakh crore, up from ₹462.08 lakh crore at the close of the previous trading session on Friday.Sector-wise performance was mixed. While banking and capital market stocks witnessed buying interest, sectors such as FMCG, public sector enterprises, IT, oil & gas, and metals faced consistent selling pressure.

The automobile, capital goods, consumer durables, and healthcare indices also closed with losses. The broader market reflected this weakness, with the BSE Midcap index falling by 0.18% and the Smallcap index declining by 0.43%.

Market breadth was negative. On the BSE, 1,668 stocks advanced while 2,622 declined, and 169 remained unchanged. On the NSE, 914 shares closed in the green against 1,907 that ended in the red. Among the constituents of the Sensex, 12 stocks advanced while 18 declined. For the Nifty 50, 19 stocks gained and 31 fell.The BSE Sensex opened at 82,049.16, down 451.66 points. It fluctuated throughout the day, hitting an intraday high of 82,438.50 and a low of 82,043.14 before closing at 82,327.05, a net loss of 173.77 points.

Similarly, the NSE Nifty started the day at 25,177.30, down 108.05 points. After a tussle between bulls and bears, it touched a high of 25,267.30 and a low of 25,152.30. The index ultimately settled at 25,227.35, down by 58 points.

Top Movers

Top Gainers: Adani Ports (2.02%), Bajaj Auto (1.34%), Bajaj Finance (1.26%), Shriram Finance (1.07%), and InterGlobe Aviation (0.92%).

Top Losers: Tata Motors (-2.68%), Wipro (-1.44%), Infosys (-1.43%), Hindustan Unilever (-1.43%), and Max Healthcare (-1.13%).

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Hindusthan Samachar / Jun Sarkar

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