The first session of today saw heavy selling in IT and auto shares and fast purchases in pharma stocks in today’s first session after the US announced 26 percent mutual fee on India.
Between these developments, the Sensex closed down 322 points, while the Nifty closed below the level of 23,300. On the other hand, midcap and smallcap stocks saw a surge. Experts say that the adverse effects of these measures on the Indian stock market were limited as the fees levied by the US on India were less than other countries. IT companies, which receive a large part of their revenue from the US, and auto companies, which exported a lot to the US, were sold in shares, while the shares of the region rose due to the pharma industry being kept out of mutual tariff.
Today, after opening 806 points in a session with high fluctuations, but high volatility, the Sensex created the highest level of 76,493 and a minimum level of 75,807 in day trading. Thus, after a total fluctuations of 686 points, the Sensex fell 322 points, or 0.42 per cent, to close at 76,295. The Nifty also opened 182 points and its highest level a day was 23,306 and the minimum level was 23,145. Thus, after a total of 161 points fluctuations, the Nifty closed at 23,250 below 82 points, or 0.35 points. The BSE Midcap index rose 128 points or 0.31 percent to 41,976, while the smallcap index rose 357 points or 0.76 percent to 47,494. The BSE SME IPO index also increased by 1,997 points or 2.34 percent to close at 87,417. Today, out of 4,123 shares trading on BSE, there was no change in 2,813, 1,169 declines and 141 shares did not change. BSE’s M-cap is Rs 1,49,999. 413.33 lakh crore i.e. 4.82 trillion dollars were recorded, which was Rs. 412.98 crores This indicates an increase of Rs 35,000 crore. 13 out of 30 shares of Sensex closed up, while 21 shares out of 50 of the Nifty closed up. The shares included in the Sensex rose 4.34 percent, Sun Pharma 3.26 percent and UltraTrack Cement 2.92 percent, while TCS fell 3.98 percent, Tech Mahindra 3.79 percent, HCL Tech 3.71 percent and Infosys 3.41 percent. Cipla increased by 3.28 percent in Nifty shares, while ONGC declined by 2.81 percent and Wipro by 2.64 percent. Today the volatility index fell 0.89 percent to close at 13.60. Out of 14 regional indices on the Nifty, with eight leads and closed with six declines.
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