Stock Market Update: The market fell upside down, Sensex 700 points, Nifty fell by more than 200 points

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In today’s business, both the Sensex and Nifty indices have seen a sharp decline. The Sensex index ended at 60,205.06, up 773.69 points, or 1.27 percent, from its previous close, and the Nifty 50 closed at 17891.95, down 226.35 points, or 1.25 percent, from its previous close.

Heavy selling has been seen in the domestic stock market. In today’s business, both the Sensex and Nifty indices have seen a sharp decline. The Sensex index ended at 60,205.06, up 773.69 points, or 1.27 percent, from its previous close, and the Nifty 50 closed at 17891.95, down 226.35 points, or 1.25 percent, from its previous close.

Sector-wise, Bajaj Auto, Maruti, HUL, Britannia, Tata Steel and Hindalco strongly rejected the weak trend and closed with gains of up to 1 per cent. Within sectors, Nifty PSB index fell 3.6 per cent, followed by Bank, Financials indices. Auto, metal and FMCG pockets closed almost flat with partial cuts. All major sectoral indices declined, with high-yield financials and IT shedding 1.5% and 0.8%, respectively. In this decline of the market, the market cap of the companies listed on BSE decreased by about 4 lakh crores.

Top gainers of NIFTY

On the NSE Nifty, BAJAJ-AUTO shares closed with a gain of 1.45 per cent, HINDUNILVR by 1.13 per cent, HINDALCO by 0.90 per cent, BRITANNIA by 0.89 per cent, MARUTI by 0.82 per cent.

These stocks showed a break on NIFTY

On the NSE Nifty, ADANIPORTS declined by 6.13 per cent, SBIN by 4.35 per cent, INDUSINDBK by 4.23 per cent, HDFCBANK by 2.70 per cent and HDFC by 2.21 per cent.

Indian rupee gains

The Indian rupee closed at 81.59 against the dollar, up 13 paise against the forecast of 81.72 at the interbank foreign exchange market.