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Stock Market Closing : Indian stock market closed sharply on the first trading day of the week, Reliance – Jio Financial declined

Stock Market Closing 28 August 2023: On the first trading day of the week, the Indian stock market closed with a boom. The market has seen a boom due to buying in banking, auto and mid cap stocks. However, on the day of Reliance’s AGM, the stock of Reliance and Jio Financial Services closed down. At the end of today’s trading, the BSE Sensex 110 and the National Stock Exchange’s Nifty have closed with a gain of 40 points.

Condition of the sector

In today’s trade, the shares of Banking, Auto, Pharma, Metals, Real Estate, Energy, Infra Consumer Durables sector closed with a boom. While the shares of IT, FMCG, Oil and Gas sectors closed down.

Mid cap and small cap stocks gained momentum in today’s trade. Of the 30 Sensex stocks, 17 closed with gains and 13 with losses. While 29 of the 50 Nifty stocks closed with gains and 21 with losses.

index name closure level high level low levels percentage change
BSE Midcap 30,899.36 30,945.13 30,761.92 0.59%
BSE Sensex 64,996.60 65,213.45 64,776.92 0.17%
BSE Small Cap 36,298.44 36,356.30 36,127.87 0.67%
India VIX 12.40 12.72 9.50 2.61%
NIFTY Midcap 100 38,662.15 38,733.25 38,508.25 0.50%
NIFTY Smallcap 100 11,957.10 11,976.65 11,892.40 0.74%
nifty smallcap 50 5,489.55 5,500.40 5,452.40 1.01%
Nifty 100 19,243.65 19,299.10 19,183.35 0.26%
Nifty 200 10,284.65 10,312.05 10,251.50 0.29%
Nifty 50 19,306.05 19,366.85 19,249.70 0.21%

Rise in investor wealth

In today’s trade, after the rise in the stock market, there has been a jump in the wealth of the investors. The market capitalization of companies listed on BSE has increased to Rs 307.89 lakh crore, which was Rs 306.74 lakh crore in its first session. In today’s trade, a jump of Rs 1.15 lakh crore crore has been seen in the wealth of the investors.

Bullish stocks

In today’s trade, Power Grid 2.50 per cent, Larsen 2.09 per cent, Mahindra & Mahindra Rs 1.95 lakh crore, HDFC Bank 1.01 per cent, Sun Pharma 0.89 per cent, Maruti Suzuki 0.87 per cent, Axis Bank closed with a gain of 0.68 per cent. While Reliance closed down by 1.11 per cent, Nestle by 0.97 per cent, HCL Tech by 0.67 per cent, Titan Company by 0.59 per cent.

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