Stock Market Declines: Sensex Down 223 Points and Nifty Down 71 Points
The stock market closed for the second consecutive day with a fall on June 9, 2023. The Sensex closed at 62,625.63 points, down by 223.01 points, and the Nifty closed at 18,563.40 points, with a fall of 71.10 points. Let’s take a closer look at the day’s trading activity.
Top Gainers of Nifty:
– IndusInd Bank shares closed at Rs 1,331.05, up by nearly Rs 27.
– Shares of Power Grid Corporation closed at Rs 244.90, up by nearly Rs 3.
– Axis Bank shares closed at Rs 974.75, up by nearly Rs 13.
– Shares of Larsen closed at Rs 2,363.00, up by nearly Rs 23.
– Shares of Adani Enterprises closed at Rs 2,451.15, up by nearly Rs 22.
Nifty Top Losers:
– Hero MotoCorp’s scrip closed at Rs 2,899.30, down by nearly Rs 67.
– Shares of Eicher Motors closed at Rs 3,581.30, down by nearly Rs 76.
– Shares of HDFC Life closed at Rs 581.70, down by nearly Rs 12.
– Shares of Devi Labs closed at Rs 3,428.75, down by nearly Rs 71.
– Shares of Tata Steel closed at Rs 108.90, down by nearly Rs 2.
Sensex and Nifty trading activity:
– A total of 3,648 companies traded on the BSE, out of which about 1,744 shares closed with gains and 1,788 shares with a decline.
– There was no difference in the share price of 116 companies.
– 170 stocks have closed at the upper level of 52 weeks, while 31 stocks closed at their 52-week low.
– Upper circuit has been installed in 215 shares, while lower circuit has been installed in 111 shares.
– The rupee strengthened by 10 paise to close at Rs 82.46 against the dollar.
Know When the Sensex and Nifty Started:
The Sensex is an index of the Mumbai Stock Exchange (BSE) that was prepared in 1986. It consists of 30 BSE companies and is considered an important index not only in India but across the world. The Nifty is the flagship index of the National Stock Exchange (NSE) that was started in 1995. The index level is decided by including the top 50 companies of the NSE in the Nifty.
How to Buy Shares from the Share Market:
To invest in the stock market, one must first open a demat and trading account with a stockbroker. Shares cannot be bought directly from the stock exchange. PAN, Aadhaar, and a bank account are required to open a demat and trading account. Once these documents are in place, investing in the stock market can be started easily by opening an account with a broker.
Overall, the stock market has seen a decline for the second consecutive day, with the Sensex and Nifty seeing a fall. However, there were some top gainers among Nifty companies, and it’s important for investors to stay informed about market trends and stock movements.
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