Stock Market Closing: In today’s closing of the Indian stock market, trading has closed in the red range. Despite banking shares closing in the green, the market did not get support from lower levels and Sensex-Nifty closed with a decline of 0.34 percent. Whereas all the shares in PSU banking stocks closed with a rise today.
How was the market closing today
Today there was volatility in the market throughout the day but the market was not successful in closing with gains. BSE Sensex closed at 66,009 level with a fall of 221.09 points or 0.33 percent. NSE’s Nifty closed at 19,674 with a fall of 68.10 points or 0.34 per cent.
Banking stocks rose due to JP Morgan’s decision – government banks were especially in plus.
Billions of dollars of foreign investment can come in Indian government bonds from June 2024. JPMorgan Chase has decided to include its Indian government bonds in the benchmark emerging-market index. From June 28, 2024, JPMorgan will include government bonds of the Government of India in the Government Bond Index – Emerging Markets. After this news, India’s banking sector also saw a boom today and trading in all PSU bank stocks closed in the green.
How was the trading in Sensex shares today
Only 13 out of 30 Sensex stocks closed with gains today and 17 stocks closed with losses. Wipro’s shares closed the maximum with a decline of 2.32 percent. HDFC Bank has also closed with a decline today and closed with a weakness of 1.57 percent. UltraTech Cement closed down by 1.50 percent, PowerGrid slipped by 1.34 percent. Sun Pharma closed with a fall of 1.26 percent and ICICI Bank fell by 0.94 percent.
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