Today’s session turned out to be a positive one for the stock market, with Auto IT stocks closing higher.

Stock market close on 27 February 2024: As usual, Tuesday’s business has been very good for the Indian stock market. After opening in the red in the morning, the market rebounded with momentum following a return to buying at lower levels. The rally in the market is back led by auto and IT stocks. At the end of today’s trade, the BSE Sensex jumped 305 points to close at 73,095 points above 73,000, while the National Stock Exchange’s Nifty jumped 72 points to close at 22,193 points.

State of the sector

Today’s trade saw buyers in shares of Auto, IT, Pharma, Metals, Real Estate, Consumer Durables, Infra Healthcare, Banking sectors. While the shares of oil and gas, energy and media sectors have seen a decline. In today’s trade, the Nifty Midcap Index closed higher due to selling in midcap stocks, while the Smallcap index closed higher due to buying in smallcap stocks. Out of 30 stocks in the Sensex, 23 stocks closed higher while 7 closed lower. While 29 out of 50 stocks in Nifty closed with gains and 21 with losses.

Decrease in market value

In Tuesday’s session, the Indian market closed higher while the market capitalization of the market saw a decline compared to the previous session. The market cap of BSE-listed companies closed at Rs 391.97 lakh crore, up from Rs 392.05 lakh crore in the previous session. In today’s trade, investors’ property has lost Rs 8000 crore.

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