stock market crash.
Mumbai:
Thursday’s rally in the stock market was not maintained on Friday and both the indices opened with a decline today. Morning Sensex is trading down 387 points at 61362 and down 97 points at 18158. Out of 50 stocks, 20 are in advance and 30 are in decline. Five stocks are witnessing a rise in subscription which include ICICIBANK, LT, ULTRACEMCO, AXISBANK, NESTLEIND shares. At the same time, HDFCBANK, HDFC, TATASTEEL, HINDALCO, INDUSINDBK shares are witnessing the biggest decline.
read this also
2506 stocks are being traded today in BSE. 1522 is looking bullish in the stock at the moment. 885 stocks declined and 99 stocks remained unchanged. There are 65 stocks which are at 52 week high and 6 stocks which are at 52 week low. 77 stocks have hit upper circuit and 39 stocks have hit lower circuit.
Let us tell you that foreign fund inflows and ties and buying in some big authority like Reliance Industries gave sharp returns to domestic shareholders on Thursday and both the major indices rose by about one per cent each. BSE’s 30 Stocker Index Sensex was closed at 61,749.25 points, up 555.95 points or 0.91 percent. At one point of time during trading, it fell to 604.61 points.
The benchmark index of the National Stock Exchange (NSE) also gained 165.95 points, or 0.92 percent, to 18,255.80 points. After eight days of rally, both these indices had fallen on Wednesday.
Listing was recorded in Sensex Jaypee Job Job, Job Finserv, Asian Paints, Indian State Bank, Chart Consultancy Number Two, Bharti Airlines, Reliance Industries and Task Steel.
Shares of the housing finance company, which posted 20 per cent net profit in the March quarter, were up 2.59 per cent.
On the other hand, IndusInd Bank, Nestle, Power Light, ITC, Tata Motors and Mahindra & Mahindra declined.
In the broader market, BSE Smallcap gained 0.83 per cent, while Midcaps had a higher entry of 0.82 per cent.