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Stock Market Closing: Market, banking and IT stocks rise on the last trading day of the week

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Stock Market Closing, 19 th May, 2023: The last day of the week was great for the Indian stock market. The stock market, which has been running for the last three days, saw a decline today. At the end of the day, the stock market closed with gains. Adani Enterprises was the top gainer. With today’s increase, investor wealth rose to Rs 276.59 lakh crore from Rs 275.82 lakh crore on Thursday.

How many points did the market improve today?

On the last trading day of the week, the Indian stock market index Sensex closed up 297.94 points at 61729.68 points and Nifty closed up 73.45 points at 18203.40 points. The Sensex lost more than 900 points in the last three days. On Thursday, the Sensex closed down 128.9 points and the Nifty closed down 51.8 points. On Wednesday, the Sensex closed down 371.83 points and the Nifty closed down 104.75 points. On Tuesday, Sensex closed down 431.24 points and Nifty down 125.7 points. On Monday, the Sensex gained 317.81 points and the Nifty gained 84.05 points.

Why the boom today?

 

After being closed in the red mark for three days, the stock market closed on the green mark on Friday. There was a boom in banking and Adani shares.

 

sector update

In today’s business, there was a boom in the shares of banking, IT, auto, metal, real estate, energy, infra sector. While the shares of Pharma, FMCG, Consumer Durables, Healthcare, Oil and Gas sectors have seen a decline. Small cap and mid cap indices also closed with gains. Of the 30 Sensex stocks, 22 ended with gains and 8 with losses, while 30 of the 50 Nifty stocks ended with gains and 20 with losses.

increase in reduced shares

In today’s trade, Tata Motors closed with a gain of 3.22 per cent, Tech Mahindra 2.30 per cent, Infosys 1.84 per cent, HCL Tech 1.31 per cent, Mahindra 1.04 per cent, Wipro 0.88 per cent. While NTPC closed down by 1.06 per cent, Asian Paints by 0.77 per cent, Titan by 0.66 per cent and Power Grid by 0.55 per cent.

increase in investor wealth

In today’s trading session, investors’ wealth has increased due to the rally in the market. Market cap of companies listed on BSE increased to Rs. 276.59 lakh crore, which was Rs. 275.85 lakh crore. That is, the investor’s wealth in today’s business is Rs.100. There has been an increase of 74000 crores.

 

How did the morning start?

The stock market started on a positive note today due to global cues. The BSE Sensex opened 125 points higher at 61,556 and the Nifty opened 56 points higher at 18,186. Around 1335 scrips advanced, 631 scrips declined and 109 scrips remained unchanged.

index name closure level high level low level percentage change
BSE Sensex 61,736.69 61,784.61 61,251.70 0.50%
BSE SmallCap 29,749.93 29,878.41 29,534.85 -0.16%
India Wix 12.30 12.82 11.69 -3.85%
Nifty Midcap 100 32,550.35 32,616.25 32,232.40 -0.06%
Nifty Smallcap 100 9,891.70 9,925.55 9,790.70 0.02%
Nifty Smallcap 50 4,460.35 4,483.05 4,415.60 -0.12%
Nifty 100 18,060.35 18,074.50 17,911.70 0.41%
nifty 200 9,505.00 9,512.10 9,425.05 0.35%
nifty 50 18,203.40 18,218.10 18,060.40 0.41%

Big relief to Adani Group in Hindenburg case

In the Hindenburg Research Report case against the Adani group, the Supreme Court-constituted committee said in its report that it could not come to the conclusion that the stock market was not capable of monitoring manipulation. An expert committee constituted by the Supreme Court in its investigation found no evidence against the group. The expert committee of the Supreme Court has said in its report that it has not found any evidence of manipulation of share prices by the Adani group. Along with this, the expert committee has said in its investigation report that the Adani group had given all the necessary information to the stock exchange. The group’s shares were already under the watch of additional monitoring measures. Let us tell you that in the report given by SEBI to ED, no allegation has been made against Adani Group. This is a big relief news for Adani Group.