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It is believed that due to profit booking from upper levels and heavy selling in some selected sectors like IT, Automobile and FMCG, the stock market could not maintain its rise.

Today’s trading started on a strong note. In the first half hour of trading, the movement of both Sensex and Nifty indices gained further momentum due to buying support. After this, profit booking started in the market.

Due to selling from upper levels, Sensex fell by more than 770 points intra-day. Similarly, Nifty also plunged by more than 150 points intra-day.

Due to market weakness, stock market investors today suffered a loss of approximately Rs 87 thousand crore in a single day. After the entire day’s trading, Sensex closed with a fall of 0.55 percent and Nifty with a fall of 0.17 percent.

BSE Sensex opened today at 76,724.95 points with a rise of 154.60 points or 0.20 percent. As soon as the trading started, there was slight selling in the market, but after this the buyers became active and started buying.

With the support of buying, the Sensex rose by 354.13 points or 0.46 percent to reach the level of 76,924.48 points in the first half-hour of trading.

After this, selling started in the market to book profits, due to which the index kept falling. However, buyers tried several times to support the market by creating buying pressure, but the selling pressure was so high that none of the efforts of the buyers were successful.

After the entire day’s trading, the Sensex fell 771.62 points from the day’s high and closed at 76,152.86 points, a weakness of 417.49 points or 0.55 percent.

Like the Sensex, NSE’s Nifty today started trading with a jump of 83.50 points or 0.35 percent at the level of 23,997.95 points.

Shortly after the market opened, buyers started buying, due to which the movement of this index increased. With the support of continuous buying, Nifty reached the level of 24,025.40 points with a gain of 110.95 points or 0.46 percent in the first half-hour of trading.

After this, the bears in the stock market created selling pressure. Due to the start of selling of shares, this index lost all its gains and reached the red mark.

Although buying attempts were made from time to time, the index kept falling. Due to continuous selling, after the entire day’s trading, Nifty slipped 151.95 points from the day’s high and closed at 23,873.45 points, down 41 points or 0.17 percent.

Today, there was heavy buying of realty sector shares during the day’s trading. Similarly, the demand for shares in the media sector also remained constant.

Due to heavy buying in both these sectors, Realty Index was successful in gaining 2.50 percent and Media Index was successful in gaining 1.70 percent. Similarly, Banking, Capital Goods and Public Sector Enterprise indices also closed in the green with gains.

On the other hand, shares of automobile, FMCG and IT sectors continued to be sold heavily today. Apart from this, Consumer Durables, Pharmaceutical, Metal and Oil and Gas indices also closed in the red with weakness. There was continuous shopping in Broader Market today.

Due to this purchase, Nifty Midcap index closed with a gain of 0.37 percent. Similarly, the Smallcap Index ended today’s trading with a gain of 1.20 percent.

Today, due to weakness in the stock market, the wealth of stock market investors reduced by more than Rs 85 thousand crore. The market capitalization of BSE listed companies declined to Rs 487.10 lakh crore (provisional) after today’s trading.

Their market capitalization on the last trading day i.e. Wednesday was Rs 487.97 lakh crore. In this way, investors suffered a loss of about Rs 87 thousand crore from today’s trading.

During the day’s trading today, there was active trading in 3,234 shares in NSE. Of these, 1,985 shares closed in the green after earning profit and 1,249 shares closed in the red after incurring a loss.

Similarly, out of 30 shares included in Sensex, 7 shares closed with gains and 23 shares closed with decline. Out of 50 stocks included in Nifty, 21 stocks closed in the green mark and 29 stocks closed in the red mark.

After buying and selling throughout the day, among the big stocks of the stock market, Adani Ports joined the list of today’s top 5 gainers with a gain of 2.02 percent, Axis Bank by 1.04 percent, HDFC Bank by 0.83 percent, Tata Consumer Products by 0.71 percent and Bharat Electronics by 0.70 percent.

On the other hand, Bajaj Auto joined the list of today’s top 5 losers with a weakness of 1.73 percent, Tech Mahindra 1.54 percent, Trent Limited 1.29 percent, Cipla 1.28 percent and Mahindra & Mahindra 1.25 percent.