On September 8, the Indian stock market closed in the green, driven by gains in auto and metal sector stocks. The Sensex rose 76.54 points to close at 80,787.30, and the Nifty gained 32.15 points to close at 24,773.15. A total of 3,142 stocks were traded on the NSE, with 1,724 advancing and 1,309 declining.
Stock Market Today: The stock market witnessed a slight rally on September 8. Fueled by strength in auto and metal sector stocks, the Sensex closed 0.09% higher, up by 76.54 points at 80,787.30, while the Nifty reached 24,773.15, an increase of 0.13% or 32.15 points. Today, 3,142 stocks were traded on the NSE, with 1,724 shares closing in the green, 1,309 in the red, and 109 remaining unchanged.
Market Sentiment During Trading
The market opened with slight weakness in early trading. However, as buying increased in auto and metal stocks, the market gradually picked up pace. There were fluctuations throughout the day, but the market closed b in the final hours. Investors saw good gains in some select sectors today, contributing to a positive market sentiment.
Number of Stocks Traded on NSE
Today, a total of 3,142 stocks were traded on the National Stock Exchange (NSE). Out of these, 1,724 shares closed in the green. Meanwhile, 1,309 shares closed with losses, and 109 shares saw no change in their prices. This data indicates a slightly higher trend of buying in the market.
Top Gainer Stocks
The stocks that provided the most benefit to investors today included those from the auto and metal sectors.
- Tata Motors- The company's shares saw significant buying and it was among the top gainers.
- Mahindra & Mahindra- Shares of this auto sector giant also registered b gains.
- Hindalco- This metal sector stock was also a top gainer, clearly demonstrating investor confidence.
- Tata Steel- Shares of this steel sector major also showed strength.
- Maruti Suzuki- The stock of this automobile company was also on the list of top gainers today.
Top Loser Stocks
Shares of some companies disappointed investors today.
- HDFC Bank- The shares of the country's largest private bank were under pressure today and were among the top losers.
- Infosys- A decline was recorded in the shares of this major IT sector company.
- ICICI Bank- Stocks of this prominent banking sector company also closed with weakness.
- TCS (Tata Consultancy Services)- The shares of this IT sector giant also closed in the red today.
- Axis Bank- Banking stocks showed pressure, and Axis Bank's shares were also on the loser list.
Sectoral Index Performance
Looking at the sector-wise performance today, the auto and metal sectors were the biggest beneficiaries. Strong buying was observed from investors in both these sectors. Conversely, the banking and IT sectors remained under pressure. Nifty Auto and Nifty Metal registered gains, while Nifty Bank and Nifty IT closed in the red.
Investor Interest in Which Sectors
Today's trading clearly shows that investors' current interest lies primarily in auto and metal stocks. These sectors are showing strength due to increasing demand and new orders. On the other hand, selling pressure was observed in the banking and IT sectors.
Overall, September 8 was a mixed day for investors. While some sectors delivered stellar returns, others disappointed. However, the overall market trend remained positive, with both Sensex and Nifty closing in the green.
