Closing Bell Today: Chaos in The Stock Market, Sensex Fell by 796 Points, Nifty Closed Below 19950 Points

Domestic stock markets closed with a heavy fall on Wednesday amid selling in shares of bank, metal and real estate sectors. BSE Sensex fell by 796 points or 1.18 percent and closed at the level of 66,800.84 points. Similarly, NSE Nifty closed at the level of 19,901.40 points with a fall of 231.90 points or 1.15 percent. The biggest decline was seen in HDFC Bank, JSW Steel, Reliance Industries, BPCL and SBI Life on Nifty. At the same time, the biggest rise was seen in the shares of Power Grid, Coal India, ONGC.

These shares fell on Sensex

HDFC Bank shares saw the biggest decline of four percent on BSE Sensex. Similarly, shares of JSW Steel, Reliance Industries, UltraTech Cement, Tata Steel, Maruti, Wipro, Tech Mahindra, IndusInd Bank, Bharti Airtel, Titan, Larsen & Toubro, Hindustan Unilever Limited, Nestle India, HCL Tech, SBI and Tata Motors are in red. Closed with mark.

Apart from these, shares of ICICI Bank, Kotak Mahindra Bank, Bajaj Finserv, Mahindra & Mahindra and Bajaj Finance closed in the red.

There was a surge in these shares

Power Grid’s shares closed with the highest rise of 2.32 percent on Sensex. Shares of Asian Paints, Sun Pharma, Axis Bank, ITC, NTPC and TCS closed in the green.

Talking about sectoral indices, except the power sector, all other sectors closed with red mark. Bank, metal and real estate indices saw a fall of up to 1 percent each. A decline of 0.30 percent was seen in BSE Midcap Index and 0.5 percent decline in Smallcap Index.

Rupee strengthened by 19 paise

The rupee strengthened by 19 paise and closed at 83.08 against the US dollar. In the previous session, the rupee had closed at the level of 83.27.

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