Market returns to decline after two days of rally, Sensex closes down 290 points

Stock Market Closing On 23rd March 2023: After two days of boom, selling has returned again in the stock market. Due to profit booking by investors, the market has seen a decline. Whereas after the US Fed Reserve increased the interest rates by a quarter percent and despite the huge fall in the US stock market, the Indian markets opened with a boom in the morning. But the effect of the fall in the European market was also seen on the Indian markets after noon. At the close of the market, the BSE Sensex fell by 290 points to 57,925 points and the National Stock Exchange’s Nifty fell by 75 points to close at 17,077 points.

condition of the sector

In today’s business, there was a boom in the shares of Pharma, FMCG, Metals, Healthcare sector. While the shares of banking, IT, energy sector closed down. Midcap and small cap stocks also closed in the red. Of the 30 Sensex stocks, 13 closed with gains and 17 with losses. Of the 50 Nifty stocks, 20 closed with gains and 30 closed down.

bullish stocks

In today’s business, the stock of Hindalco closed with a gain of 1.54 per cent, Maruti Suzuki 1.22 per cent, Nestle 1.19 per cent, Bharti Airtel 0.91 per cent, JSW Steel 0.84 per cent, SBA 1.69 per cent, Bajaj Auto 1.55 per cent, Kotak Mahindra 1.49 per cent, Asian Paints closed down by 1.48 per cent, Wipro by 1.34 per cent, Reliance by 1.27 per cent.

loss to investors

Investors have suffered losses due to the fall in the stock market. The market cap of companies listed on BSE has come down to Rs 2571.0 lakh crore, while it was Rs 257.99 lakh crore on Wednesday. Investors have suffered a loss of Rs 89,000 crore in today’s trading session.

read this also

Climate Change Impact: India’s food security threatened by the impact of climate change! Wheat-rice production may decrease