Share Market Closing Today: Domestic stock markets closed almost stable today amid global pressures. The markets were up during the trading, but lost almost all the momentum before the close.
Share Market Closing on 30 August: Due to global pressures, today the domestic stock market lost its initial momentum and closed almost at the old level. Both the major domestic indices BSE Sensex and NSE Nifty were in fine gains during the trade, but later lost momentum. However, the order of rally remained intact in mid cap and small cap.
Market closed at this level
The domestic stock market started trading on a positive note on Wednesday. The Sensex opened at 65,311.58 points with an increase over yesterday. Earlier on Tuesday, the Sensex had closed at 65,075.82 points.
During trading, the Sensex reached a high of 65,460 points, but in the last hours the market declined and finally the index closed at 65,087.25 points with a slight gain of 11 points. At the same time, the Nifty remained at 19,347.45 points with a slight gain of 5 points.
This is the condition of big companies
If we look at big companies, shares of 17 out of 30 Sensex companies saw a rise, while 13 shares remained in loss. Shares of Jio Financial Services hit upper circuit today. Tata Steel saw a gain of more than 2 percent.
Shares like Mahindra & Mahindra, Maruti Suzuki, Infosys and HCL Tech rose by more than 1-1 per cent. On the other hand, Power Grid Corporation fell the most by about 1.60 per cent. SBI and ICICI Bank fell by 1-1 per cent. doing.
Rally continues in broad market
The rally order continued in Broader Market. Mid cap and small cap again defeated major indices today. While the Sensex remained almost flat, the BSE Mid Cap index managed to gain 0.55 percent. BSE Small Cap Index closed with a gain of 0.83 percent.
Even though the market remained stable, around 250 stocks touched their 52-week high in today’s trade. Such stocks included shares like Axis Bank, Bharat Forge and Indian Hotels Company.
Market investors have become so rich
The market capitalization of all the companies listed on BSE increased to around Rs 310.3 lakh crore. A day ago it was around Rs 309 lakh crore. In this way, despite the market remaining flat, the wealth of stock market investors increased by about Rs 1.3 lakh crore.
The main reason for the market decline today was global signals. After the fall in American markets, pressure remained on Asian markets today. Due to which ultimately the Indian stock market also became a victim of pressure.
