Today, on the last trading day of the week i.e. Friday, the stock market closed on the red mark after the day’s ups and downs. The Bombay Stock Exchange’s flagship index Sensex closed at a level of 48878.54, down 746.22 points, or 1.50 per cent. At the same time, the National Stock Exchange’s Nifty fell 218.45 points (1.50 per cent) to close at 14371.90.
Last week, the 30-share BSE Sensex gained 252.16 points or 0.51 per cent. The National Stock Exchange’s Nifty climbed 86.45 points or 0.60 percent. The market will be affected by the upcoming Union Budget. According to most market analysts, this time budget will not be as expected due to Corona. Hence the market continues to fluctuate.
Talking about the big stocks, today the shares of Bajaj Auto, Hero MotoCorp, Eicher Motors, Hindustan Unilever and Ultratech Cement closed on the green mark. Axis Bank, Asian Paints, Hindalco, JSW Steel and ICICI Bank closed at the red mark.
If we look at the sectoral index, today all sectors except auto and IT closed on the red mark. These include FMCG, PSU Bank, Pharma, Bank, Media, Private Bank, Metal, Realty and Finance Services.
Reliance Industries Limited (RIL), the country’s largest company in terms of market capitalization, will present quarterly results today. After opening at the level of 2111, Reliance shares today fell by 51.45 points (2.45 per cent) to close at 2047.95. Currently, the company has a market capitalization of Rs 13.47 lakh crore.
The year 2021 was a big development for the stock markets. In March 2021, the corona virus epidemic hit India. The corona virus also did not leave the stock market untouched. The domestic market fluctuated. While the stock market went bust in March, the Sensex-Nifty recovered the entire loss in 2021 at the end of the year.
The domestic stock market started on the red mark in early trade today. The Sensex fell 124.75 points (0.25 per cent) to open at 49,500.01. The Nifty was down 25 points, or 0.17 per cent, at 14,565.40.On Thursday, the stock market lost after noon and the Sensex lost 167.36 points, or 0.34 per cent, to close at 49624.76. The Nifty was down by 54.35 points (0.37 per cent) to close at 14590.35.