New Delhi, 19 February (HS): The domestic stock market closed marginally lower for the second day in a row today. Today's trading started with weakness. Although the stock market rallied from the lows in the first hour trading on the support of buying after the market opening, but after that the trend declined as profit-taking started. Sensex closed down by 0.04 percent and Nifty by 0.05 percent after the day's trade. Investors made profits of over Rs 3 lakh crore today as investors bought midcap and smallcap stocks despite a dip in the stock market.
During the day's trading today, public sector enterprise, realty and metal sector stocks saw continuous buying. Similarly, Oil & Gas, Energy, Banking, Capital Goods, Consumer Durables and FMCG indices also closed higher. On the other hand, selling pressure continues to remain in IT, pharmaceutical, tech and automobile sector stocks. Buyers continued to dominate the broader market today, as the BSE midcap index closed 1.30 percent higher. Similarly, the smallcap index ended the day's trade with a gain of 2.41 percent.
Despite the weakness in the stock market today, stock market investors' wealth increased by over Rs 3 lakh crore due to buying in small and mid-cap stocks. The market capitalization of BSE listed companies rose to Rs 401.66 lakh crore (provisional) after today's trade. Whereas its market capitalization on the previous trading day i.e. Tuesday was Rs 398.31 lakh crore. In this way the investors got a profit of around 3.35 crore rupees from today's trading.
4,074 shares were actively traded in BSE during the day's trading today. Out of this, 2,810 stocks closed with gains, while 1,147 stocks continued to decline, while 117 stocks closed flat. Active trading took place in 2,609 shares on NSE today. Out of this, 2,005 shares closed in the green zone after making profit and 604 shares closed in the red zone after incurring losses. Similarly, out of 30 shares included in the Sensex, 13 shares closed with gains and 17 shares closed with declines. While out of 50 shares included in Nifty, 26 shares closed in the green zone and 24 shares closed in the red zone.
The BSE Sensex today opened at 75,787.27 with a loss of 180.12 points. The index fell 386.01 points to 75,581.38 points at the beginning of trading under selling pressure. However, after the first 15 minutes of trading, the buyers pushed for buying, so that around 10:30 am, the Sensex managed to jump 757.20 points from the lows and touch 76,338.58 points with a strength of 371.19 points. However, this boom could not last much longer. After a while, bearers started selling in this market, due to which the movement of this index declined. Due to selling pressure, the Sensex fell 399.40 points from the upper level to close at 75,939.18, a loss of 28.21 points.
Sensex, NSE's Nifty broke 98.05 points today and started trading at 22,847.25 points. The index fell by 130.45 points to 22,814.85 points due to selling pressure at the market open. After this, the buyers intensified their buying, so that the Sensex managed to recover 235.10 points from the low level to reach 23,049.95 points with a strength of 104.65 points in the next 1 hour of trading. After this, the market was once again captured by the sellers, due to which the movement of this index declined. After the full day's trade, the Sensex slipped 117.05 points from the upper level to close at 22,932.90 points with a weakness of 12.40 points.
After the day's trading, the top 5 gainers of the stock market included Bharat Electronics 3.60 percent, Hindalco Industries 2.43 percent, Eicher Motors 1.93 percent, Larsen & Toubro 1.73 percent and Axis Bank 1.73 percent. On the other hand, Dr Reddy's Laboratories 2.63 percent, TCS 2.30 percent, Infosys 2.22 percent, Hindustan Univ 1.99 percent and Adani Enterprises 1.78 percent were among the top 5 losers for the day.
Hindusthan Samachar / Jun Sarkar