The closing value of the Sensex was 73,730.16, down 609.28 points, or 0.82%. Meanwhile, Nifty saw higher opening prices at 22,620.40 and intraday lows at 22,419.90 in Indian stock market
On Friday, benchmark indices ended lower in the uncertain session, ending a five-day winning streak. The Indian Stock Market, the Sensex, was at 74,509.31, which started the day higher and fell as low as 73,616.65 during the day.
Moreover, Sensex closed at 73,730.16, down 609.28 points, or 0.82%. In intraday trading, the Nifty reached a low of 22,419.90 and opened higher at 22,620.40.
At close, Nifty was down by 0.67%, or 150.40 points, at 22,419.05. In a sector-by-sector analysis, all indices ended higher, except auto, bank, and capital goods. Furthermore, oil and gas, healthcare, real estate, and media all saw gains of between 0.3% and 1%.
Understanding the Indian Stock Market Finishes a Winning Streak
In the latest share market news from the BSE Sensex, the top gainers for the day were Tech Mahindra, Wipro, Axis Bank, UltraTech Cement, ITC, Titan, and Tata Motors. Whereas, the top decliners were Bajaj Finance, Bajaj Finserv, IndusInd Bank, Nestle India, and Mahindra & Mahindra.
The top gainers on the Nifty 50 for the day were Tech Mahindra, Divi’s Laboratories, LTIMindtree, Bajaj Auto, and BPCL. Conversely, the top falling stocks were Bajaj Finance, Bajaj Finserv, IndusInd Bank, Nestle India, and SBI Life.
The biggest decliners of the day were the indices for banks and financial services, which ended the day down 0.61% and 0.89%, respectively. In addition, the indices for cars and metals also closed lower, down 0.28% and 0.21%, respectively.
Furthermore, the media index closed up 1.18%, while the consumer durables index gained the most, at 1.72%.
In recent share market trends, the day ended favorably for the IT, Pharma, Healthcare, Real Estate, and Oil & Gas indices as well. Also, the bank Nifty ended a five-day winning run by dropping 294 points to 48,201, and on the daily charts, it created a bearish candlestick pattern.
Aditya Birla Fashion, SAIL, and L&T Technology Services all experienced volume spikes of greater than 100%.
With gains of 0.83% and 0.27% for the BSE MidCap and SmallCap indexes, the overall market concluded favorably.
Additionally, after placing an order with Airbus for 30 firm A350-900 planes, IndiGo Airlines’ shares increased by more than 4% to reach a new 52-week high of Rs 3,598.
In conclusion, the end of the five-day winning streak in the Indian Stock Market serves as a reminder of its natural fluctuation and the influence of various economic factors. Nifty closed at 22,419.05, down 150.40 points, and Sensex closed at 73,730.16, down 609.28 points.
Among the top gainers were Tech Mahindra, Wipro, and Axis Bank; among the top losers were Bajaj Finance and IndusInd Bank. Also, the bank and financial services indexes saw decreases, but the IT and healthcare sectors saw strong performance. Stay tuned to NewsChandigarh for more information and analysis of market movements.
