Thursday, May 23, 2024

Stock Market Closing Bell | Up and down game in stock market, Sensex-Nifty flat

Leaders Online Desk: Volatility has increased in the Indian stock market ahead of Lokbha election results. Against this backdrop, the Sensex and Nifty 50 indices fluctuated on Wednesday (15th). After three days of gains, Sensex, Nifty closed flat today. The BSE Sensex closed down 117 points at 72,987. While the Nifty settled at 22,200 with a marginal decline of 17 points. BSE Midcap closed up 0.6 percent while Smallcap closed up 0.9 percent.

Market highlights

  • Midcap, smallcap indices rose for fourth consecutive day
  • Shares of HDFC Bank fell 1.5 percent on the Sensex
  • Shares of Cipla and Coal India gained 3 and 4 percent on the Nifty

The stock market had a bullish start today. But after that it declined to some extent. At the sectoral level, the Nifty PSU Bank index gained 1.4 percent, while the Nifty Realty, Oil and Gas both gained 1 percent. The Nifty FMCG index was down 1 percent. Nifty Auto fell 0.5 percent. The Nifty Bank and Nifty Private Bank indices declined by 0.3 percent each.

Which stocks are top gainers, top losers?

Asian Paints, HDFC Bank, Tata Motors, Sun Pharma, JSW Steel, Hindustan Unilever, Nestle India fell on the Sensex. While the shares of Bharti Airtel, Power Grid, NTPC, M&M, LT, HCL Tech saw an increase.

sensex closingsensex closing
sensex closing

Eicher Motors, Bajaj Auto, Tata Motors, Asian Paints, Britannia were top losers on Nifty. These shares fell by 1 to 2 percent. While Cipla, Coal India, BPCL, Bharti Airtel, NTPC Tech remained the top gainers.

M&M, Spicejet boom

Shares of M&M rose 1.5 percent to Rs 2,305 on the Sensex. This is the all-time high for these shares. Also, the shares of SpiceJet Ltd saw a rise for the fourth consecutive session on Wednesday. The shares rose 5 percent to hit an intraday high of Rs 60 on the BSE. SpiceJet had recently announced that it will start daily non-stop flights between Delhi and Phuket from 31 May 2024.

Emphasis on sales by foreign investors

Selling in the Indian stock market by foreign investors remained high in May. So far in May, foreign investors have sold shares worth Rs 33,540 crore. Domestic investors are still focused on buying. Domestic investors (DIIs) have bought shares worth Rs 26,500 crore so far. Analysts say the market remains somewhat volatile due to selling by foreign investors.

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