Stock Market Closing On 18 October 2023: Wednesday’s trading session has been very disappointing for the Indian stock market. The market opened in the green in the morning. But after the tension between Israel and Hamas and the sharp rise in the prices of crude oil, there was heavy selling in the Indian markets, after which the Sensex fell below 550 points and the Nifty saw a decline of 150 points. Sensex below 66,000 points. It has fallen and closed. At the end of today’s trading, BSE Sensex closed at 65,877 points with a fall of 551 points and Nifty of National Stock Exchange closed at 19,671 points with a fall of 140 points.
There has been a big fall in the shares of the banking sector in today’s trade, which has affected the sentiment of the entire market. There has been a decline in the shares of both government and private banks. Bank Nifty closed at 43,888 points with a fall of 520 points. Apart from this, stocks of IT, FMCG, Metals, Real Estate, Energy, Infra, Consumer Durables and Oil and Gas sectors closed with decline. Whereas there was buying in shares of healthcare, pharma and auto sectors. A big decline has also been seen in mid cap and small cap shares. At the end of today’s trading, only 4 out of 30 Sensex stocks closed in the green while 26 closed with a decline. Of the 50 Nifty stocks, 10 closed with gains and 40 with losses.
Big loss to investors
Investors in the stock market have suffered huge losses due to the fall in the market. The market cap of companies listed on BSE came to Rs 321.39 lakh crore, which was Rs 323.80 lakh crore in the previous day’s trade. That means investors have suffered a loss of Rs 2.40 lakh crore in today’s trade.
Rising and falling shares
In today’s trade, the stock of Bajaj Finance closed with a fall of 2.72 percent, Bajaj Finserv by 2.02 percent, NTPC by 1.63 percent, Axis Bank by 1.53 percent. While shares of Tata Motors, Sun Pharma and Marut Suzuki closed with a rise.
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