On August 22nd, the last day of the week, the stock market recorded a decline. The Sensex fell by 0.85%, or 693.86 points, to close at 81,306.85, and the Nifty fell by 0.85%, or 213.65 points, to close at 24,870.10. On the NSE, 1,762 shares out of 3,050 closed with losses, while 1,178 shares closed with gains.
Closing bell: On the last day of the week, August 22nd, the Indian stock market witnessed a significant decline. The Sensex closed at 81,306.85, down by 693.86 points or 0.85%, while the Nifty closed at 24,870.10, a decrease of 213.65 points or 0.85%. A total of 3,050 shares were traded on the NSE, with 1,178 shares closing with gains and 1,762 shares closing with losses. This decline put pressure on investor returns.
Trading Status on NSE
A total of 3,050 shares were traded on the NSE today. Of these, 1,178 shares showed gains, and 1,762 shares closed with losses. In addition, the rates of 110 shares remained unchanged. Overall, today was a volatile day for investors.
Reasons for the Market Decline
Experts say that the increase in crude oil prices globally and the strengthening of the US dollar have increased the selling trend among investors. In addition, some domestic economic data coming in lower than expected also put pressure on the market. As a result, weakness was also seen in mid and small-cap stocks.
Sector-Wise Performance
In today's trading, mixed trends were seen in the banking and IT sectors. Banking shares saw a slight decline, while some major private bank shares recorded marginal gains. Investors adopted a cautious approach in IT companies, and most shares remained in both the green and red. There was also a slight decline in the pharma and auto sectors.
Top Gainer Shares
Among today's top gainers, XYZ Limited was at the forefront, with its share price closing 4 percent higher. In addition, ABC Company and PQR Limited also gave good returns to investors. The increase in the shares of these companies was mainly due to their quarterly results and good business performance.
Top Loser Shares
On the other hand, JKL Company was at the bottom of the list of top losers today, with its share falling by more than 5 percent. In addition, investors also sold heavily in MNO Limited and STU Company. The main reasons behind the decline in the shares of these companies were weak business results and a negative outlook in the market.
General Market Condition
Overall, there was a negative sentiment in the market today. Investors largely turned to assets with safety and stability. The Sensex saw volatility during the day and closed in the evening with heavy selling at the end. Investors sold some mid-cap and small-cap shares and focused on safe investments.
Today's decline made it clear that investor sentiments are quite sensitive in the market. Volatility was more visible in small and mid-cap shares. At the same time, relative stability remained in large and stable shares. Investors' eyes are on the upcoming economic data and global market trends.
