Stock Market : The market experienced a substantial decline as both Sensex and Nifty witnessed a slip, impacting sectors including IT.

Stock Market : The Sensex Concludes at 64,886.51 following Today's Trading, Registering a Decline of 365.83 Points, Equivalent to 0.56 Percent. Notably, the final trading day of the week witnessed a significant market downturn.

The stock market experienced a significant downturn during the final trading session of the week. Both the Sensex and Nifty (Sensex-Nifty) indices concluded the day with notable declines. Following today’s trading session, the Sensex finished at 64,886.51, marking a decrease of 365.83 points or 0.56 percent. Similarly, the Nifty index concluded at 19,265.80, exhibiting a decline of 120.90 points, equivalent to 0.62 percent.

IndusInd Bank experienced the most substantial decline

Among the roster of the leading 30 shares on the Sensex, shares from merely 6 companies concluded the session on an upward trajectory. Conversely, stocks from 24 companies faced a decline. Notably, the most significant descent was observed in the case of IndusInd Bank. IndusInd Bank’s shares experienced a 1.8 percent slump, concluding at Rs 1,397.

Bajaj Finance Seizes the Lead

Leading the charts today is Bajaj Finance, emerging as the top gainer with a notable 1 percent surge. Moreover, other notable climbers include Asian Paints, Bharti Airtel, Titan, Axis Bank, and ICICI Bank.

Stock Market : On the Other Hand, Decliners Were.

On the flip side, a lineup of stocks witnessed declines. TCS, Infosys, Reliance, Nestle India, Maruti, Wipro, Tech Mahindra, Tata Motors, HUL, HDFC Bank, SBI, Sun Pharma, Tata Steel, NTPC, HCL Tech, M&M, ITC, and Power find themselves among the ranks of declining stocks. Additionally, shares of Grid, Geo Financial, Ultra Chemical, LT, and JSW Steel also experienced downturns.

Expert’s Assessment

Vinod Nair, Head of Research at Geojit Financial Services, has shared his perspective, highlighting a noticeable air of caution prevailing among investors worldwide. This cautious sentiment stems from the looming prospect of an upward shift in policy rates. Additionally, the recent Monetary Policy Committee meeting of the RBI reaffirmed its commitment to reigning in inflation despite its currently elevated levels.

Foreign Investors

In line with market data, foreign institutional investors maintained a stance as net buyers on Thursday. Their activity resulted in the acquisition of shares valued at Rs 1,524.87 crore. In parallel, the global oil standard, Brent crude, exhibited a 1.25 percent rise, reaching $84.40 per barrel.

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