Site icon TIMES NOW INDIA – LATEST NEWS UPDATES PORTAL

Share Market:Sensex fell 365 points to close at 54,470, bank and metal stocks were the biggest sellers

 On Monday, the first trading day of the week, there was a fall in the Indian stock market. The Bombay Stock Exchange (BSE) Sensex closed at 54,470.67, down 364.91 points or 0.67%. The Nifty of the National Stock Exchange (NSE) too fell 109.40 points or 0.67%. It closed at 16,301.85. The biggest fall is in the shares of Bank, Metal, Media and FMCG.


The Sensex was down 647 points today at 54,188 and the Nifty was down 183 points at 16,227. In the last week, the Sensex had lost 2,225 points, i.e. 3.89%. On Friday, it had closed at the level of 54,835. At the same time, the Nifty was also down by 691 points or 4.04% in the whole week and it closed at the level of 16,411.

There is also a decline in
the Midcap and Smallcap indices. There is also a decline in the Midcap and Smallcap indices of BSE. The midcap index ended 437.43 points or 1.89% lower at 22,692.18. The Smallcap index closed at 26,641.21, down 451.20 points, or 1.67%. The biggest decline of 8.10% in midcap was seen in Canara Bank. Tata Power, Page Industries and Zee Entertainment also fell around 6%.

Top stocks rising and falling in BSE Midcap index
Top stocks rising and falling in the smallcap index of BSE

Except IT, all sectors fell
in 10 out of 11 sectoral indices on the NSE. Only the IT index closed with a marginal gain of 0.05%. The biggest fall of 2.65% was in the Nifty Media and 2.34% in the Government Bank index. Metal declined by 2.03% and FMCG by 1.47%. Banks and realty also closed down by about 1%.

Top 5 stocks that climbed on Nifty

share previous close LTP % Change
power grid 238.40 245.85 3.13
HCL Tech 1,050.20 1,082.90 3.11
Infosys 1,542.85 1,573.15 1.96
Bajaj Auto 3,499.75 3,567.55 1.94
Divis Lab 4,165.85 4,235.35 1.67

Top 5 stocks falling on Nifty

share previous close LTP % Change
reliance 2,620.65 2,508.00 4.30
Nestle India 16,995.45 16,510.90 2.85
Heromotocorp 2,563.35 2,494.95 2.67
indusind bank 915.40 891.15 2.65
Tata Steel 1,283.70 1,251.20 2.53

Due to the fall of the
market, most experts are assuming a weak rupee for the fall in the market, lockdown due to corona infection, rising inflation, Russia-Ukraine war, stoppage of palm oil imports and rising crude-oil prices. Vinod Nair, Head of Research, Geojit Financial Services, said, the weakness of the rupee and the stringent lockdown in China due to Corona have increased the market’s concern.

Campus Activewear’s Great Listing
Despite the market slump, Campus Activewear made a stellar debut on the stock exchange on Monday. The campus was listed at Rs 355, up by Rs 63 or 21.58% from the upper price band of Rs 292. The company’s market cap at the time of listing was Rs 10,803.57 crore. It closed at 378.90, up 86.90 or 29.76%.

Rupee at a record low
against the dollar The rupee has crossed Rs 77 for the first time against the dollar. Rupee today weakened by 27 paise to open at 77.17 and weakened by 52 paise to reach 77.42. The rupee had closed at 76.90 on Friday. According to experts, the effect of fall in the global equity market and inflation is visible on the rupee.

Market not happy with Reliance’s quarterly results
The company’s March quarter results are less than the market estimates. Due to this, the shares of Reliance Industries saw a fall of more than 4%. Reliance closed at Rs 2,508, down 112.65 or 4.30%. The stock has fallen nearly 10% since April 29.

Exit mobile version