Home News Business Sensex closes down 500 points due to big fall in IT stocks, Nifty also closes down 120 points

Sensex closes down 500 points due to big fall in IT stocks, Nifty also closes down 120 points

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Sensex closes down 500 points due to big fall in IT stocks, Nifty also closes down 120 points

Stock Market Closing On 17th April 2023: After a three-day holiday, the first trading day of this week was extremely disappointing for the Indian stock market. Due to the huge fall in IT stocks led by Infosys, there has been a big fall in the market. Although the market also recovered from the lower level. At one time the Sensex fell by 1000 points and the Nifty fell by 254 points, but due to buying in banking and FMCG stocks, the market recovered and at the end of today’s trading, the BSE Sensex fell by 520 points to 59,910 below 60,000, while the National Stock Exchange’s The Nifty closed at 17,706 points with a decline of 121 points.

health of sectors

In today’s trend, the shares of sectors like Banking, FMCG, Energy, Auto, Oil & Gas, Consumer Durables closed with a boom. While the shares of sectors like IT, Pharma, Healthcare closed with a decline. The Nifty IT index closed with a decline of 4.71 per cent or 1334 points. Buying has been seen in smallcap and midcap index shares. Of the 30 Sensex stocks, 16 closed higher and 14 closed lower. While 31 of the 50 Nifty stocks closed with gains and 19 closed with losses.

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index name closure level high level low levels percentage change
BSE Sensex 59,910.75 60,407.86 59,442.47 -0.86%
BSE SmallCap 28,186.48 28,212.73 28,013.81 0.00
India VIX 12.27 13.27 11.91 3.00%
NIFTY Midcap 100 31,006.50 31,023.75 30,682.75 0.39%
NIFTY Smallcap 100 9,368.50 9,374.75 9,286.80 0.00
nifty smallcap 50 4,276.70 4,281.15 4,232.10 0.00
Nifty 100 17,543.45 17,667.30 17,411.55 -0.52%
Nifty 200 9,208.85 9,257.60 9,139.80 -0.40%
Nifty 50 17,706.85 17,863.00 17,574.05 -0.68%

bullish stocks

In today’s trade, Nestle closed with a gain of 4.03 per cent, Power Grid 2.29 per cent, SBI 2.04 per cent, IndusInd Bank 1.37 per cent, Kotak Mahindra 1.31 per cent, UltraTech Cement 1.26 per cent. While Infosys closed down by 9.40 per cent, Tech Mahindra by 5.25 per cent, HCL Tech by 2.72 per cent.

Investors’ wealth increased

In today’s trading session too, no major change has been seen in the wealth figures of the investors. The market capitalization of the company listed on BSE has increased to Rs 265.94 lakh crore, while it was Rs 265.93 lakh crore in the previous trading session.

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