Sensex 300 down at 79,400: Nifty also down 100 points; Auto and media shares rise, banks fall

Mumbai21 minutes ago

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Today, on the last trading day of the week i.e. Friday (December 20), a decline is being seen in the stock market. Sensex is trading about 300 points down at the level of 78,900. At the same time, there is a decline of about 100 points in Nifty, it is trading at the level of 23,900.

In Friday’s trading, out of 30 Sensex stocks, 25 declined and only 5 rose. Out of 50 Nifty stocks, 37 are declining and 13 are rising. Sectoral indices of NSE Nifty Auto are up by 0.63%, Media is up by 0.91% and Oil & Gas is up by 0.78%. Whereas, there is a decline in the shares of banks.

Mixed business in global market

In the Asian market, Japan’s Nikkei is up by 0.20% and Korea’s Kospi is down by 1.30%. At the same time, China’s Shanghai Composite Index is trading up 0.54%.
According to NSE data, net sales by foreign investors (FIIs) stood at ₹4,224.92 crore on December 19. During this period, domestic investors (DIIs) bought shares worth ₹ 3,943.24 crore.
On December 19, America’s Dow Jones closed at 42,342 after gaining 0.036%. The S&P 500 index fell 0.087% to 5,867 and the Nasdaq was down 0.10% to 19,372.

Opportunity to invest in IPO of 5 companies

Yesterday, Initial Public Offers (IPOs) of 5 companies opened for listing in the stock market. These include Transrail Lighting Limited, DAM Capital Advisors Limited, Mamta Machinery Limited, Sanathan Textiles Limited and Concord Enviro Systems Limited.

Investors will be able to bid for all five IPOs till December 23. Their shares will be listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on 27 December.

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There was a big fall in the market yesterday

The impact of America’s cut in federal rates and decline in markets around the world was also seen on the Indian stock market yesterday i.e. Thursday (December 19). Sensex closed at 79,218 with a fall of 964 points. While Nifty also closed down 247 points at the level of 23,951.

Bank, metal and IT stocks fell the most. Nifty Bank, Metal and IT indices were all down more than 1%. However, the Pharma and Healthcare index gained more than 1.5%.

Investors’ wealth reduced by Rs 2.61 lakh crore due to selling in the market. On December 19, the market cap of companies listed on BSE stood at Rs 449 lakh crore. On December 18, it was approximately Rs 452 lakh crore.