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Stock Market Today: Today there has been a big decline in the stock market. On Friday, the last business day of the week, it fell by about one percent due to selling in all the sectors. The 30 -point Sensex fell 700 points to 82,509.59 on BSE, while Nifty 50 on NSE also slipped 200 points to 25,162.25 at around 12.30 pm.
However, on the one hand, the stocks of FMCG saw a boom and most Hindustan Unilevar Ltd. That is, HUL shares jumped 5 percent, while on the other hand there was a tremendous decline in the IT sector. The market came down today due to a decline in major stocks like Reliance Industries.
In which decline in which?
TCS (Tata Consultancy Services) The results of the quarter were less than expected. Due to this, its stock declined by about 2.75 percent. Whereas in the afternoon session, the IT index on Nifty also came down 1 percent.
Those whose shares have risen after noon are the top five gainers- Hindustan Unilivor 4.77 percent, Axis Bank 0.48 percent and Sun Pharmaceuticals 0.51 percent. Whereas, in addition to TCS, the shares which were declining today, Mahindra & Mahindra 2.43 percent, Bajaj Finserv 1.72 percent Reliance is 1.68 percent and Bajaj Finserv is 1.72 percent.
Why did the market fall?
There was a lot of selling in the market from IT to auto stocks today. Only the FMC sector saw a boom. According to the market experts, due to global uncertainties, the lots of large cap IT firm were seen struggling. After the weakness of IT Stocks and the TCS quarterly results, the Nifty IT index dropped by 1.85 percent disappointing investors.
Apart from this, the Nifty Mid Cap 100 also slipped 0.86 percent, while the Nifty Small Cap also fell down 1.00 percent. However, India Vix’s stocks saw a rise of 1.90 percent.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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