New Delhi, February 14 (HS): After facing ups and downs throughout the day, the domestic stock market closed with decline for the eighth consecutive day today. Today’s trading started with strength. However, after the market opened, the bulls and bears tried to dominate each other throughout the day, due to which there was continuous fluctuation in the movement of the stock market. After the whole day’s trading, Sensex closed with a weakness of 0.26 percent and Nifty with a weakness of 0.44 percent.
During today’s trading, there was continuous selling pressure in the shares of pharmaceutical, public sector enterprise and energy sector. Similarly, metal, realty, automobile, IT, banking, capital goods, consumer durables, FMCG, tech and oil and gas indices also closed with a decline. There was continuous selling pressure in the broader market today, due to which the BSE midcap index closed with a weakness of 2.59 percent. Similarly, the smallcap index ended today’s trading with a decline of 3.24 percent.
Due to the weakness in the stock market today, the wealth of stock market investors decreased by more than Rs 7 lakh crore. The market capitalization of companies listed on the BSE decreased to Rs 400.07 lakh crore (provisional) after today’s trading. Whereas on the previous trading day i.e. Thursday, their market capitalization was Rs 407.26 lakh crore. In this way, investors lost about Rs 7.19 lakh crore from today’s trading.
There was active trading in 4,083 shares in BSE during the day’s trading today. Of these, 681 stocks closed with gains, while 3,320 stocks declined, while 82 stocks closed without any fluctuations.
There was active trading in 2,602 stocks in NSE today. Of these, 340 stocks closed in the green mark after making profits and 2,262 stocks closed in the red mark after suffering losses. Similarly, out of the 30 stocks included in the Sensex, 9 stocks closed with gains and 21 stocks closed with losses. While out of the 50 stocks included in the Nifty, 11 stocks closed in the green mark and 39 stocks closed in the red mark.
The BSE Sensex opened today with a gain of 250.02 points at 76,388.99 points. After slight fluctuations after the market opened, with the support of buying, this index reached 76,483.06 points with a strength of 344.09 points. The market remained bullish for the first 1 hour of trading, but after that all-round selling started, due to which this index plunged into the red mark in a short time. Due to continuous selling, around 2 pm, this index fell 1,043.42 points from the upper level and came down to 75,439.64 points with a weakness of 699.33 points. After this, buyers once again took charge in the market, due to which the Sensex recovered 499.57 points from the lower level and ended today’s trading at 75,939.21 points with a decline of 199.76 points.
Like the Sensex, NSE’s Nifty started trading today with a gain of 65.05 points at the level of 23,096.45 points. As soon as the market opened, the volatility started and the index first declined, but after a while, with the support of buying, Nifty gained 102.30 points to reach 23,133.70 points. Around 10:30 am, foreign institutional investors started selling in the market, due to which by 2 pm, the index fell 358.85 points from the upper level and fell 256.55 points to reach 22,774.85 points. However, after this, domestic institutional investors took charge and started buying aggressively, due to which Nifty recovered 154.40 points from the lower level and closed at 22,929.25 points with a loss of 102.15 points. After the day’s trading today, among the big stocks of the stock market, Britannia joined the list of today’s top 5 gainers with a strength of 1.04 percent, ICICI Bank 0.90 percent, Nestle 0.84 percent, Infosys 0.71 percent and TCS 0.63 percent. On the other hand, Adani Ports joined the list of today’s top 5 losers with a weakness of 4.39 percent, Bharat Electronics 4.28 percent, Adani Enterprises 4.10 percent, Trent Limited 2.65 percent and Sun Pharmaceuticals 2.63 percent.
Hindusthan Samachar / Jun Sarkar
