Stock Market Closing: On 7 August 2023 Today

Stock Market Closing: The stock market ended the first day of the week on a positive note with buying in IT and Pharma stocks, showing a bullish trend.

Stock Market Closing: On 7 August 2023 Today

Share Market Update: In the last two trading sessions, investors’ wealth has increased by 3 lakh crore rupees.

Stock Market Closing: on 7th August 2023: The first trading session of the week proved to be excellent for the Indian stock market. The market witnessed a bullish trend due to buying in IT and Pharma stocks. Investors were also seen buying in mid-cap and small-cap stocks.

At the end of today’s trading, BSE Sensex closed at 65,954 points, rising by 232 points. Meanwhile, the Nifty of the National Stock Exchange closed at 19,597 points, marking a gain of 80 points.

Stock Market Closing:

Name of the index The closing level Highest point Low Level Percentage Change
BSE Sensex 65,953.48 66,067.90 65,748.25 0.35%
BSE SmallCap 35,162.06 35,322.26 35,129.12 0.26%
India VIX 11.10 11.42 10.40 5.01%
NIFTY Midcap 100 37,824.15 37,847.95 37,615.85 0.51%
NIFTY Smallcap 100 11,724.30 11,798.35 11,710.40 0.22%
NIfty smallcap 50 5,318.50 5,353.85 5,307.80 0.40%
Nifty 100 19,521.85 19,546.15 19,451.20 0.38%
Nifty 200 10,378.25 10,387.25 10,339.00 0.40%
Nifty 50 19,597.30 19,620.45 19,524.80 0.41%

 

Sector Update:

In today’s trading, buying was observed in the Auto, IT, Pharma, Healthcare, Oil and Gas, Consumer Durables, Infrastructure, and FMCG sectors. However, there was selling pressure in the Banking, Metals, and Media sectors. Mid-cap and Small-cap stocks continue to shine. The Mid-cap Index also closed with a gain of 0.50 percent. Among the 30 shares of the Sensex, 21 shares closed higher, while 9 shares closed lower. As for the Nifty, among the 50 shares, 36 closed higher, and 14 closed lower.

Gaining Stocks: In today’s trade

  • Mahindra & Mahindra rose by 4.23%
  • Sun Pharma by 2.03%
  • Bajaj Finserv by 1.63%
  • TCS by 1.20%, Infosys by 1.20%
  • JSW Steel by 0.91%
  • HUL by 0.86%

Declining Stocks: On the other hand

  • SBI declined by 0.94%
  • Tata Motors by 0.81%
  • Kotak Mahindra by 0.43%
  • Axis Bank by 0.43%
  • Bajaj Finance by 0.41%

Rise in Investors Wealth: Due to the bullish trend in the stock market, investors have witnessed a significant surge in their wealth. The market capitalization of BSE-listed companies has reached INR 305.35 lakh crore, which was at INR 304.04 lakh crore in the previous trading session. In today’s session, investors’ wealth has increased by INR 1.31 lakh crore.

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