Stock market close on August 16, 2023: For the second day in a row this week, the Indian stock market closed in the green after recovering from lows. Sensex opened today with a fall of 162 points. And at one point the Sensex fell by 368 points. While the Nifty opened with a fall of 65 points and fell to 117 points. But the Sensex rose 137 points to close at 65,539 and the National Stock Exchange’s Nifty closed up 30 points at 19,465 due to buying in the last hour before the market closed.
State of the sector
In today’s trade, stocks from Auto, IT, Pharma, FMCG, Media, Energy, Infra, Healthcare, Oil & Gas sectors closed higher. While banking and metals stocks have seen a decline. Mid-cap and small-cap stocks also saw buyers in today’s trade. Out of 30 Sensex stocks, 17 closed with gains and 13 with losses. While out of 50 stocks in Nifty, 25 stocks closed higher and 25 closed lower.
|Index name||Closure level||High level||Low levels||Percentage change|
|BSE Small Cap||35,297.14||35,329.54||35,030.16||0.52%|
|NIFTY MID CAP 100||37,801.65||37,844.45||37,526.35||0.08%|
|NIFTY Small Cap 100||11,728.50||11,739.85||11,618.25||0.57%|
|Nifty Small Cap 50||5,329.60||5,350.10||5,311.50||-0.10%|
In today’s trade, Ultratech Cement closed up 2.44%, NTPC 2.04%, Tata Motors 1.92%, Mahindra & Mahindra 1.55%, PowerGrid 1.37%, Maruti Suzuki 1.13%. While Tata Steel 1.90%, Bharti Airtel 1.14%, Bajaj Finsro 0.86%, Axis Bank closed up 0.67%.
Benefit to investors
In today’s trade, after the market recovered from the lows, the wealth of investors has increased. The market cap of BSE-listed companies closed at Rs 304.36 lakh crore, down from $303.67 billion in the previous session. That means the market cap has increased by Rs 69,000 crore in today’s trade.
Also read this
IndiGo block deal: Big block deal in IndiGo stock, InterGlobe Aviation stock falls around 5%