Indian stock market closed with huge decline for the third consecutive session, heavy selling in IT stocks

Stock market closing on 16 April 2024: The Indian stock market has closed with a big decline for the third consecutive trading session. Tuesday's session has proved inauspicious for the market. Due to global tensions and global signals, there was heavy profit booking by investors in the market due to which there was a decline in the market. The pressure in IT stocks has caused the market to fall. At the end of today's trading, BSE Sensex fell by 456 points and closed at 72,944 points, below 73,000. So the Nifty of the National Stock Exchange closed at 22,147 points with a fall of 125 points.

decline in market cap

Due to the decline in the stock market, there has been a decrease in market capitalization. The market capitalization of stocks listed on BSE has declined to Rs 394.32 lakh crore, which had closed at Rs 394.48 lakh crore in the last trading session. There has been a decrease of Rs 16000 crore in market capitalization in today's session.

condition of the sector

In today's trade, there has been a decline in the shares of IT, Banking, Metals, Real Estate, Infra sectors. Whereas there has been buying in shares of Auto, FMCG, Pharma, Media, Energy, Consumer Durables, Oil & Gas, Healthcare sectors. Midcap stocks closed down while there was buying in smallcap stocks. 3933 shares were traded on BSE in which 2249 shares closed with gains and 1569 shares closed with losses. No change was seen in the prices of 115 shares.

rising and falling stocks

In today's trading, Exide Industries closed with a rise of 12.41 percent, Zee Entertainment with a rise of 4.12 percent, Eicher Motors with a rise of 3.23 percent and Laurus Labs with a rise of 3.07 percent. While Infosys closed with a fall of 3.66 percent, Mphasis 3.60 percent, Coforge 3.45 percent, Gujarat Gas closed with a fall of 3.39 percent.

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