Stock Market Today: Stock market declines after 7 days of continuous rise, Sensex-Nifty drops
New Delhi:
Today i.e. on Thursday, April 24, the stock market started with a decline. Today, after 7 days of continuous rise, the beginning of today is slightly dull. The BSE Sensex declined by 233.64 points (0.29%) at 79,882.85 at 9:15 am, while the Nifty 50 index broke 50.55 points (0.21%) to trade trading at 24,278.40.
The Nifty Bank was down 152.60 points or 0.28 percent to 55,217.45. The Nifty Midcap 100 index was trading at 55,004.40, declining 36.70 points or 0.07 percent. The Nifty Smallcap 100 index was 10.85 points or 0.06 percent to 16,980.60.
Meanwhile, the Sensex pack consisted of Bajaj Finance, Bajaj Finserv, Tata Motors, Maruti Suzuki, Hindustan Unilever Limited and SBI Top Gainers. Whereas, Eternal, Infosys, HDFC Bank, Sun Pharma, ICICI Bank and TCS were the top losis.
Sensex-nifty closed at record level on last day
Yesterday the stock market performed brilliantly. The BSE Sensex closed at 80,116.49 with a gain of 520.90 points, or 0.65%, the highest level since December 18. At the same time, the Nifty climbed 161.70 points i.e. 0.67% to 24,328.95.
A tremendous increase in investors’ earnings rapidly for 7 consecutive days
The market has seen a tremendous rise in the last seven trading sessions. During this time the Nifty has come up 1,930 points i.e. about 8.6%. The Sensex has also jumped 6,269.34 points i.e. 8.48% since April 9. This rapidly increased the assets of investors by Rs 36.65 lakh crore.
Market cap rose to Rs 430.47 lakh crore
At the same time, due to this rally, the total market capital of companies listed in BSE has now increased to Rs 430.47 lakh crore (about $ 5,040 billion).
Foreign institutional investors (FIIs) bought shares worth Rs 3,332.93 crore on 23 April. Meanwhile, domestic institutional investors (DIIs) sold shares worth Rs 1,234.46 crore on the same day.