first business day of the week The stock market has made a strong start on Monday. BSE Sensex opened 262.79 points higher at 76,882.12. Whereas NSE Nifty is trading at 23,256.35 points with a gain of 53.15 points. Look at the rising stocks included in Sensex. There is a big rise in Kotak Bank, Reliance Industries, SBI, Mahindra etc. Whereas there is weakness in the shares of Zomato, HCLTech, Tech Mahindra, Maruti. Market experts say that the further movement of the Indian stock market will depend on the statement issued by Donald Trump after becoming the President. Foreign and domestic investors are therefore adopting a cautious approach.
Sensex closed down by 423 points
Due to weakness in global markets and selling in major companies, Friday closed with a loss of 423 points while Nifty closed with a fall of 108 points. According to market experts, apart from selling pressure in information technology (IT) companies, banks and financial stocks, continued withdrawal of foreign funds and rise in crude oil prices in international markets also weakened investor sentiment. Due to this there was a decline in the market.
Market cap of six companies had decreased
Last week, the market capitalization (market cap) of six of the top 10 most valued Sensex companies collectively declined by Rs 1.71 lakh crore. The biggest loss was suffered by Information Technology (IT) sector companies Infosys and Tata Consultancy Services (TCS). Last week, the 30-share BSE Sensex had fallen 759.58 points. At the same time, Nifty of National Stock Exchange closed with a loss of 228.3 points.
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