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Stock market declines; investors lose ₹3.70 lakh crore

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New Delhi, June 19(HS): The domestic stock market experienced limited fluctuations throughout the day, ultimately concluding with a slight dip. The trading session opened weakly, but buyers briefly pushed the Sensex and Nifty into positive territory. However, this uplift was short-lived as selling pressure sent both indices back into negative territory. By the end of trading, the Sensex had dropped by 0.10 percent, and the Nifty fell by 0.08 percent. Heavy selling was noted across sectors like metal, real estate, and IT, alongside declines in banking, capital goods, consumer durables, FMCG, healthcare, oil and gas, public sector enterprises, and tech indices. Conversely, the automobile index managed a gain of 0.52 percent. The broader market saw a significant sell-off, leading to a 1.64 percent decrease in the BSE mid-cap index and a 1.77 percent drop in the small-cap index. Consequently, the overall wealth of investors in the stock market diminished by nearly ₹3.75 lakh crore, as the market capitalization of BSE-listed companies fell to ₹442.58 lakh crore from ₹446.28 lakh crore.

During the day, a total of 4,117 shares were actively traded on the BSE, with 959 gaining, 3,018 declining, and 140 remaining unchanged. On the NSE, 2,608 shares were traded, with 505 up and 2,103 down. Among the 30 stocks in the Sensex, 8 rose while 22 fell; in the Nifty, 21 stocks were up compared to 29 that were down.

The BSE Sensex opened down 40.72 points at 81,403.94 but saw fluctuations in the first few minutes, dipping to 81,191.04 points before recovering temporarily. After attempts by buyers to regain positive territory, selling pressure ensued, leading to a final closing down by 82.79 points at 81,361.87 points. The NSE Nifty began down 8.80 points at 24,803.25, falling to 24,738.10 points but briefly recovering before closing down by 18.80 points at 24,793.25 points.

Notable gainers included Tata Consumer Products, Eicher Motors, and Mahindra & Mahindra, while top losers were led by Adani Ports and Bajaj Finance.

Hindusthan Samachar / Jun Sarkar

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