Stock market recovered from storm of Hindenburg Research...

After the report of Hindenburg Research on SEBI Chairperson Madhabi puri Buch and adani Group, the storm that was expected in the first trading session of the week in the stock market was faced by the market very easily and in a composed manner and when the market closed, Sensex and Nifty closed with a very slight decline.
Sensex-Nifty closed with a slight decline

In the morning, the indian stock market opened with a decline of 370 and Nifty 47 points. Sensex slipped down by 480 and Nifty by 155 points. But then buying returned in the stock market and the Sensex crossed the 80,000 mark with a jump of 825 points to reach 81600 and Nifty with a gain of 260 points to reach 24,472. But before the market closed, it came down from the day's high due to profit booking. And the Sensex closed with a fall of 57 points at 79,649 and the Nifty closed with a fall of 20 points at 24,347 points.

Rising and falling stocks
In today's trade, 12 of the 30 Sensex stocks closed with gains and 18 with losses. 23 of the 50 Nifty stocks closed with gains and 27 with losses. Among the rising stocks, Axis bank 1.80 percent, Infosys 1.51 percent, JSW Steel 1.34 percent, Tata Motors 0.79 percent. hdfc bank closed with a gain of 0.70 per cent, mahindra BANK' target='_blank' title='kotak mahindra bank-Latest Updates, Photos, Videos are a click away, CLICK NOW'>kotak mahindra bank 0.36 per cent, maruti Suzuki 0.32 per cent, Tata Steel 0.23 per cent, Asian Paints 0.19 per cent, icici bank 0.08 per cent, IndusInd bank 0.07 per cent. Among the falling stocks, adani Ports closed with a loss of 2.02 per cent, NTPC 2.02 per cent, Power Grid 1.50 per cent, sbi 1.36 per cent, Nestle 1.15 per cent, mahindra & mahindra 1.10 per cent.
Slight decline in market cap
Market capitalization has declined marginally in today's trading. The market cap of stocks listed on BSE closed at Rs 449.85 lakh crore, while in the previous session it closed at Rs 450.21 lakh crore. Investors have suffered a loss of Rs 36,000 crore in the trading session affected by the report of Hindenburg Research.
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Kokila Chokkanathan

12/08/2024 08:56 PM