Indian Stock Market Closing Today:
New Delhi, Sept 22 (KNN) Indian equity markets snapped a four-day rally to close lower on Tuesday, September 22. The benchmark Nifty 50 closed at 23,329.00, down 85.30 points or 0.36%. The BSE Sensex closed at 74,529.08, down 329.91 points or 0.44%.
The Bank Nifty too closed lower at 56,215.55, down by 255.10 points or 0.45%.
Markets opened higher on the back of positive global cues, but could not hold the up move as selling pressure emerged in IT and other key sectors. The Nifty IT index was trading around 0.9% lower, reports said. Foreign fund outflows and geopolitical uncertainty also weighed on investor sentiment.
Nifty 50 Now
The Nifty 50 closed lower by 85.30 points or 0.36% at 23,329.00.
The index came under selling pressure during the trading session and dipped below 23,350 level. The Nifty hit an intraday low of around 23,285.75 before ending lower, market reports said.
Sensex Live Today
The Sensex ended at 74,529.08, down 329.91 points or 0.44 per cent.
The index gave up its early gains as selling pressure accelerated in the latter half of the session. The fall came after Sensex gained more than 564 points in the previous trading session.
Bank Nifty Today.
Bank Nifty closed at 56,215.55, down 255.10 points or 0.45%.
Banking stocks also continued to be under pressure in Tuesday’s session, amid the overall weakness in the benchmark indices.
Indian Stock Market fell today Why?
Indian markets opened higher on Tuesday, tracking positive global cues and a fall in crude oil prices. But the early gains proved to be fleeting as the session wore on and selling pressure took hold.
The IT sector was one of the biggest drags on the market with technology stocks under pressure from demand concerns and the medium-term earnings outlook. Fourteen of the 16 major sectoral indices closed down.
Prices for crude oil also continued to matter greatly to the market. Brent crude dipped below the $100-a-barrel mark during the session, providing some respite on India’s import-cost concerns, but that was not enough to stop the benchmark indices ending lower.
Top Performers Today
The following counters made significant gains in the market data provided:
| Stock | Price | Change | % Change |
|---|---|---|---|
| Swiggy | ₹284.05 | +₹11.35 | +4.16% |
| PIIND | ₹2,410.00 | ₹88.20 | +3.80% |
| PAGEIND | ₹37,150.00 | ₹1,200.00 | +3.34% |
| SOLARINDS | ₹ 19,890.00 | ₹ 625.00 | +3.24% |
| COALINDIA | ₹428.00 | ₹13.30 | +3.21% |
Morgan Stanley upgraded its view on the stock Coal India was also among the notable gainers in broader market coverage, gaining around 3.2%.
Losers Today
The only stocks with significant declines in the data provided were:
| Stock | Price | Change | % Change |
|---|---|---|---|
| CONCOR | ₹467.00 | -₹20.05 | -4.12% |
| VOLTAS | ₹1,100.80 | -₹41.30 | -3.62% |
| LTM | ₹4,158.30 | –₹121.70 | –2.84% |
| BLUESTARCO | ₹1,525.00 | -₹40.00 | -2.56% |
| OIL | ₹467.00 | -₹11.35 | -2.37% |
Market Outlook
The benchmark indices had gained for four straight sessions before Tuesday’s decline. The near-term market trend may be vulnerable to global developments, crude oil prices, foreign fund flows and movement in IT and other heavyweight sectors.
The Nifty 50 closed at 23329 today, the Sensex closed at 74529.08 and Bank Nifty at 56215.55.
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