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Stock Market Closing On 12 July 2023: After two days of rally, the Indian stock market closed with a decline due to profit-booking in Wednesday’s session. Due to this fall, the Sensex fell 400 points from its high and the Nifty fell 125 points from its high. In today’s business, the BSE Sensex closed at 65,393 points with a fall of 210 points, while the Nifty of the National Stock Exchange closed at 19,382 points with a fall of 56 points.
health of sectors
In today’s trade, the shares of Banking, IT, Metals, Energy and Consumer Durables sectors have closed down. While the shares of Pharma, FMCG, Real Estate, Media Healthcare and Oil & Gas sectors closed with a boom. Despite the fall in the market, small cap and mid cap stocks closed with a boom. Out of 30 Sensex stocks, 7 closed with gains while 23 closed with losses. Whereas, out of 50 stocks of Nifty, 18 stocks closed up and 32 closed down.
Today is a very special day for the market. Today was the last day of trading in HDFC stock due to the merger of HDFC with HDFC Bank. On Thursday, JSW Steel will replace HDFC in Sensex and LTI Mindtree will be included in Nifty. Trading was happening in HDFC for 45 years.
Rise in BSE market cap
Despite the fall in the market in today’s trade, there has been a jump in the BSE market cap. The market cap of the listed stocks on BSE has been Rs 301.61 lakh crore, while the market cap in the previous trading session was Rs 301.31 lakh crore. That is, in today’s trade, there has been a jump of Rs 30,000 crore in the wealth of the investors.
bullish stocks
In today’s trade, Asian Paints closed up by 0.48 per cent, Sun Pharma by 0.42 per cent, Nestle by 0.39 per cent. While Infosys closed down by 1.17 per cent, Tata Motors by 1.15 per cent, UltraTech Cement by 1.14 per cent, HDFC Bank by 0.95 per cent.
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