Sensex-Nifty close flat amid volatility, power stocks rise, banks decline

Stock Market Closing on 22 August 2023: Yesterday’s rally in the stock market took a break today, today the market remained flat at the end of the trading day. Amidst ups and downs, both the Sensex and the Nifty closed flat in the market today. However, amid all this, power stocks saw a rally. At the end of the day, the BSE Sensex closed at 65,220.03, up 3.94 points or 0.01 per cent, while the Nifty closed at 19396.45, up 2.85 points or 0.01 per cent. Power stocks surged in today’s trade. Along with this PSUs, banks also fell. Besides, Adani Enterprises, HDFC Life, ITC, NTPC and Hero Moto Corp were the top gainers on the Nifty. Besides, BPCL, Cipla, Bajaj Finserv, Eicher Motors and SBI were the top gainers on the Nifty.

In today’s trading session, there has been a huge ups and downs in the Indian stock market. Sensex-Nifty were the most volatile, but the index of midcap stocks again managed to touch lifetime highs. The BSE Sensex closed at 65,220 with a slight gain of 4 points and the National Stock Exchange’s Nifty closed at 19,396 points with a slight gain of 3 points.

Sectoral Status-
In today’s business, there was a strong growth in sectors like Auto, FMCG, Metal, Media, Energy, Infra Consumer Durables. While there is a sale in the shares of Pharma, IT, Banking sector. In today’s business, there has been a strong boom in midcap and smallcap stocks. The mid-cap index closed at an all-time high of 38,544, up 1.10 per cent or 418 points.

index name level of completion high level low level percentage change
BSE Sensex 65,220.03 65,362.91 65,165.45 0.01%
BSE SmallCap 35,850.19 35,873.15 35,619.85 0.89%
India VIX 11.75 12.09 11.59 -1.78%
Nifty Midcap 100 38,544.30 38,563.00 38,237.65 1.10%
Nifty Smallcap 100 11,852.50 11,861.20 11,797.55 0.81%
Nifty Smallcap 50 5,378.05 5,382.30 5,348.35 0.86%
Nifty 100 19,325.45 19,364.25 19,305.50 0.11%
nifty 200 10,317.25 10,331.20 10,299.20 0.26%
nifty 50 19,396.45 19,443.50 19,381.30 0.01%

Assets increased by Rs 2 lakh crore
Markets closed flat in today’s trade but investors’ wealth saw a jump. The market capitalization of companies listed on BSE has reached Rs 308.35 lakh crore, which was Rs 306.39 lakh crore in the previous session. That is, the investor’s wealth in today’s trade is Rs 1,000. An increase of 1.96 lakh crore has been observed.

volatile stocks
ITC closed with gains of 1.45%, NTPC 1.33%, Mahindra & Mahindra 0.75%, Wipro 0.65%, Tata Steel 0.60%, Larsen 0.59%, Axis Bank 0.58%. While amid developments, Bajaj Finserv closed down 0.75 per cent, SBI 0.55 per cent, TCS 0.54 per cent.

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