Sensex tanks over 700 points on first trading day of September 2022
The investors of the Indian stock market had a very disappointing first trading day of September. Due to the fall in the global markets, the Indian stock market opened with a huge drop in the morning due to profit-booking. And the fall in the market market continued throughout the day. At the end of Thursday’s trading session, the Sensex of the Mumbai Stock Exchange fell 770 points to 58,766 and the Nifty of the National Stock Exchange closed at 17,542 points with a fall of 216 points.
Sector outlook
Shares of most sectors declined in the market. Only auto, real estate sectors closed in the green mark. On the other hand, apart from consumer durables, IT, banking, pharma, media sector, FMCG, energy, metals, oil and gas, sell-off was seen in most of the stocks. However, the indices of midcap and small cap stocks closed in the green. Of the 50 stocks of Nifty, 12 stocks closed green, while 38 shares saw a decline. So out of 30 stocks of Sensex, only 7 stocks closed in green mark, 23 were closed in red mark. Out of all 12 of Bank Nifty, 7 stocks have closed in red mark and 5 in green mark.
If we look at the falling stocks, Reliance fell 2.79 percent, TCS 2.32 percent, Sun Pharma 2.21 percent, Tech Mahindra 1.92 percent, Infosys 1.75 percent, NTPC 1.74 percent, HUL 1.73 percent, HDFC 1.64 percent, Power Grid fell 1.57 percent.
While, Bajaj Finserv has closed with a gain of 2.58 percent, Bharti Airtel 1.03 percent, Titan Company 0.93 percent, SBI 0.56 percent, Asian Paints 1.81 percent, Mahindra was up 0.28 percent.
