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Stock Market Closing: The stock market closed with a slight decline, but strong buying in midcap and small stocks

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Share Market Update : The stock market closed with a strong rise due to buying in FMCG, banking and energy stocks, mid cap and small cap shares also shone.
Share Market Update : The stock market closed with a strong rise due to buying in FMCG, banking and energy stocks, mid cap and small cap shares also shone.

Stock Market Closing On 8 August 2023: Tuesday’s trading session has proved disappointing for the stock market. The market is closed in the red mark. Although this decline is minor. Due to the fall in the shares of FMCG, metals sector, this decline has been seen in the market. At the end of today’s trading, the BSE Sensex closed at 65,826 points down by 130 points, while the National Stock Exchange’s Nifty closed at 19,570 points down by 27 points.

Condition of the sector

In today’s trade, there has been a boom in the shares of Banking, IT, Pharma, Media, Consumer Durables sector. While the shares of Oil & Gas, Healthcare, Infra, Commodity, Metals, FMCG and Auto sectors have seen a decline.

In today’s trade, buying was seen again in midcap and small stocks. Of the 30 Sensex stocks, 10 closed with gains and 20 closed with losses. Of the 50 Nifty stocks, 19 closed with gains and 31 closed with losses.

index name closure level high level low levels percentage change
BSE Sensex 65,846.50 66,057.53 65,752.63 -0.16%
BSE SmallCap 35,248.97 35,341.37 35,064.53 0.25%
India VIX 11.33 11.53 11.10 2.00%
NIFTY Midcap 100 37,912.50 37,984.05 37,578.75 0.23%
NIFTY Smallcap 100 11,755.95 11,779.60 11,664.20 0.27%
NIfty smallcap 50 5,336.75 5,343.30 5,286.00 0.34%
Nifty 100 19,497.45 19,560.55 19,450.10 -0.12%
Nifty 200 10,370.60 10,401.90 10,336.20 -0.07%
Nifty 50 19,570.85 19,634.40 19,533.10 -0.13%

Marginal rise in investor wealth

Despite the fall in the stock market, there has been a marginal increase in the wealth of investors. The market cap of companies listed on BSE has reached Rs 305.39 lakh crore, which was Rs 305.35 lakh crore in the previous trading session. In today’s session, an increase of Rs 4,000 crore has been seen in the wealth of investors.

Bullish stocks

In today’s trade, Tech Mahindra 1.82 per cent, Wipro 1.34 per cent, Bajaj Finance 0.98 per cent, SBI 0.89 per cent, Axis Bank 0.58 per cent, Bajaj Finserv 0.56 per cent, Titan Company 0.55 per cent, ICICI Bank closed with a gain of 0.49 per cent. While Power Grid closed down by 2.62 per cent, Mahindra & Mahindra by 1.78 per cent, JSW by 1.48 per cent, HCL Tech by 0.88 per cent.

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