After a strong opening today, consumer and financial stocks were in the red due to selling. However, the indices recovered largely from the lows due to value buying at lower levels. However, in the end both Sensex and Nifty closed with slight losses, while sharp selling was seen in midcap and smallcap stocks. The market remained subdued today due to the start of company world results session and lower than expected interest rate cut by the US Federal Reserve, due to which investors are cautious.
Initially it opened 120 points higher at 78,319, which is its intraday high. However, after that the momentum in the Sensex was not sustained and the bearish trend continued and at one point the Sensex fell 713 points from the previous close to reach an intra-day low of 77,486. However, following a bullish move around 1 pm, the Sensex once again moved above the previous close and closed at 78,148, up 662 points from the day’s low, just 50 points -0.06 per cent below the previous close. , In this way, a total fluctuation of 833 points was seen in Sensex throughout the day. Nifty also opened 39 points higher and fell 211 points from its previous close to a low of 23,496. However, after that it again rose 192 points from this level, falling only 19 points-0.08 percent from the previous close at 23,688. In the initial phase, Nifty made an intraday high of 23,751. Thus, a total fluctuation of 255 points was seen in Nifty throughout the day.
Today there was more decline in midcap and smallcap shares. The BSE Midcap index fell 502 points or 1.09 per cent to close at 45,643, while the Small Cap index fell 620 points or 1.12 per cent to 54,661. The BSE SME IPO index also fell 823 points or 0.70 per cent to close at 1,17,614. Of the total 4,066 shares traded on BSE today, 1,318 closed higher, 2,664 closed lower and 84 closed flat. BSE’s m cap today is Rs. 439.59 lakh crore or $5.12 trillion, which was yesterday’s Rs. Rs 441.75 lakh crore. There is a shortage of Rs 2.16 lakh crore.
14 out of 30 Sensex stocks and 22 out of 50 Nifty stocks closed with gains today. Amidst the recession, ONGC today rose by 3.04 percent, while Apollo Hospital fell by 4.06 percent. The volatility index fell 1.33 percent today to 14.47. Three out of 14 sector indices on Nifty closed with gains. Nifty Oil & Gas gained 1.54 per cent, IT 0.60 per cent and FMCG 0.44 per cent, while Nifty Healthcare fell 1.09 per cent and Consumer Durables 2.16 per cent.
FII’s Rs. Net sales of Rs 3,362 crore. FIIA traded in the Indian stock market today at Rs. Net sales of Rs 3,362 crore, while DII reported Rs. Took a net of Rs 2,716 crore. With this, the net sales figure made by FIIA in January was Rs. 11,931 crore while DIIA’s net purchase figure was Rs. 12,614 crores.
At new lifetime low of Rs 85.89
Today the Indian rupee fell by 13 paise to reach a new low of 85.87 against the US dollar. Due to the strengthening of the dollar, the rupee weakened and crude oil prices also increased. After opening at 85.82 at the start of the day, the rupee touched an intraday low of 85.89 and finally closed at 85.87, down 13 paise from its previous close. The rupee continued to weaken on fears of foreign funds pulling back investments due to slump in stock markets.
