Business: The domestic stock market closed at a very disappointing level today and BSE-NSE remained in red. The effect of weak signals coming from the US markets was visible on the Indian stock market and the weak data of US PMI brought a message of decline for the Indian market. At the time of closing of today's trade, about 1800 stocks of Nifty have seen a decline while 650 stocks have seen an increase.

Investors lost capital worth Rs 5.3 lakh crore

On the last day of the trading week, the stock market has seen a huge decline in closing. The market capitalization of BSE has come down to Rs 460.36 lakh crore which closed at Rs 465.66 lakh crore yesterday. In this way, investors lost Rs 5.3 lakh crore in a day.

How was the market closing

On Friday, the NSE Nifty closed at 24,852 with a fall of 292.95 points or 1.17 percent. At the time of closing of the stock market, the BSE Sensex showed a level of 81,183.93 with a fall of 1017.23 points or 1.24 percent. After a flat opening today morning, such a fall in the stock market is worrying. Such a market closing can be surprising for the market investors because a fall of 800-900 points in a day is not a small thing.

Condition of Sensex-Nifty shares

Out of 50 Nifty stocks, 8 stocks rose and 42 stocks closed with a decline. Out of 30 Sensex stocks, only 4 stocks rose while 26 stocks closed with a decline. 

Nifty broke 2 support levels today

The market has broken 2 stop loss levels of Nifty in today's closing. Nifty50 has closed below 25,200 and 25,000 levels. Nifty has not broken the third support level of 24800. It is believed that due to strictness and regulation by market regulators, concern is being seen in the stock market, but this also cannot be considered the effect of the news received overnight. Today, the economic data of the US markets and the financial news from China have also seen a negative effect on the Indian market.

Sectoral Indices of Nifty 

Most of the crude oil related stocks have seen a lot of turmoil today and the shares of Oil Marketing Company (OMCs) have seen a significant decline. Throughout the day, the pharma sector showed less decline and metal stocks also fell less but the Nifty PSU Banking Index became the sectoral index with the highest decline. Today, FMCG stocks also saw comparatively less decline but all the sectoral indices of Nifty closed with a decline. Shares of Bajaj Finance and HUL have seen a rise in the Nifty. 

Ganesh Chaturthi is on 7th September

Tomorrow i.e. 7th September is Ganesh Chaturthi and it is also Saturday, so the next trading session will be on Monday, 9th September. Next week on Monday, the Indian stock market will open on the third day of Ganesh Utsav, so it remains to be seen what rewards Lord Ganesha, the destroyer of obstacles, gives to the investors on this day.