Stock market closed lower today, top gainers & losers
Stock Market closed in the red today, Banking stocks dragged lower
Indian stock market closed lower today– Indian stock markets opened lower amid negative cues from the other Asian market peers. The benchmark indices traded negatively throughout the day, due to heavy selling on the banking stocks. In the end, stock markets closed in the deep red and extended their early losses.
Traders got cautious, amid a private report stating that there has been an over 28 percent increase in suspected fraudulent digital transaction attempts against business originating from India in the pandemic year. Investors took note of the report that SEBI said mutual funds will have to make a disclosure about scheme risk-o-meter, performance, and portfolio details to investors only for the particular plans in which they have invested.
Indian stock market at close today- Sensex, Nifty, & Bank Nifty on the spot price
Indian stock market at the close, Nifty declined 263.80 points or 1.77 percent and finished at 14631.10 levels. Sensex was down by 983.58 points or 1.97 percent and ended at 48782.36 levels. The Bank Nifty slipped 932.70 points or 2.76 percent and closed at 32781.80 levels.
The broader markets also closed in the red today. Nifty midcap was down by 90.55 points or 0.37 percent and closed at 24195 levels. The Nifty smallcap index fell 34.05 points or 0.40 percent and ended at 8565.10 levels.
The top five gainers in the Nifty50 index were ONGC, Coal India, Divis Lab, Grasim, and IOC. The top five losers in the Nifty50 index were HDFC, HDFC Bank, ICICI Bank, Kotak Mahindra, and Asian Paints. The most active stocks in the Nifty50 index were Tata Steel, JSW Steel, and HDFC Bank.
On a sectoral basis, Healthcare, Metals, Media, and Capital goods sectors closed in the green today. On the losing side Banking, Automobiles, Finance, FMCG and IT sectors closed in the red today.
Derivate market at close: Nifty & Bank Nifty futures
The Nifty futures share price today opened at 14802. It made a negative opening of 130.25 points. It has touched an intraday high at 14890 and a day’s low at 14660.30
The Nifty futures share price has given a movement of 229.7 points. In the end, it fell 271.90 points or 1.82 percent and closed at 14660.35 levels.
The Bank Nifty futures share price opened at 33197.65 It made a negative opening of 609.6 points today. It has touched an intraday high at 33599.65 and a day’s low at 32812.10
During the day, the Bank Nifty futures share price has given a movement of 787.55 points. In the end, it declined by 982.35 points or 2.91 percent and closed at 32824.90 levels.
Global market updates today
On the global front, Asian stock markets closed in the red today, as the report shows that china’s manufacturing sector grew higher in April but not as per the expectation. The European markets are trading mixed on Friday as strong quarterly earnings lifted investors’ confidence, but the eurozone economy shrank 0.06 percent as per the latest report. The US market indexes in futures are trading marginally lower at this time at 4.30 pm IST.
Conclusions:
Indian stock market closed in the deep red today and broke the four days winning streak. Markets were under pressure due to the heavy selling in Banking, Financial, and Auto stocks. Midcap and smallcap indexes closed marginally lower today.
Traders can read “Next week market report” and Nifty and Bank Nifty trading levels on Saturday.
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Happy weekend !!
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