After touching a record high, the stock market closed down due to profit booking, strong buying in small cap stocks

Stock Market Closing On 10 June 2024: In the first trading session of the week, the Indian stock market was able to touch a historic high in the morning session. But due to profit booking by investors in the market, the market closed with a decline at the end of trading. A lot of profit booking was seen in IT and banking stocks. Sensex slipped 590 points and Nifty 150 points from the day's high. Due to strong buying in smallcap stocks, while the Nifty's smallcap index closed with a great rise, the Nifty's midcap index closed flat. In today's trading, the BSE Sensex closed with a decline of 203 points at 76,490 points, while the National Stock Exchange's Nifty closed with a decline of 31 points at 23,259 points.

The market slipped but the market cap rose

Despite the fall in the Indian stock market, the market cap of the stocks listed on the BSE has closed higher than the previous session. The market cap of the stocks traded on the BSE has closed at Rs 424.89 lakh crore, which was Rs 423.49 lakh crore in the previous session. That is, in today's session, investors' wealth has seen a jump of Rs 1.40 lakh crore.

State of the sector

In today's trade, buying was seen in the stocks of pharma, energy, media, real estate, consumer durables, healthcare and auto sectors. While the stocks of IT, banking, oil and gas and metals sector closed with a decline. The index of smallcap and midcap stocks also closed with gains. Out of 20 stocks of Sensex, 15 closed with gains while 15 closed with losses.

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