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Investors are reaping profits at higher prices on Wednesday in the stock market after a steady rise. Due to this, the BSE Sensex is trading at 51,779.70, down by 324 points. Nestle India shares are the biggest losers by 4% in the index.
The Nifty index is also trading down 80 points at 15,232.60. In the overall market, shares of public sector banks are leading. The privatization news is a 20% gain in IOB and Bank of Maharashtra shares.
From the graphic below, understand the stocks that rose and fell the most in the major market indices…
Preparation of IPO for Rs 2,500 crore
Macrotech developers have filed draft Red Herring Prospects (DRHP) with SEBI, the market regulator for the IPO. The company wants to raise around Rs 2,500 crore through an IPO. The company was earlier known as Lodha Developers.
Global market fluctuations
Today there is a upsurge in the worldwide stock market. The Korea Kospi index is trading down 1%. Australia’s All Ordinaries index is down by 0.36% and Japan’s Nikkei index by 0.64%. In the US market, the Nasdaq and S&P 500 index closed down slightly, while the Dow Jones index closed up 0.20%. On the other hand, the European stock markets closed flat.
Domestic investors sold on 16 February
There was light profit booking in the stock market on Tuesday. The BSE Sensex was down 49.96 points at 52,104.17 and the Nifty was down 1.25 points at 15,313.45. Foreign institutional investors (FIIs) bought shares worth 1,144.09, while domestic institutional investors (DIIs) sold shares worth Rs 1,559.53 crore, according to provisional data from the NSE.
Stock Market Update LIVE …
09:32 AM The Nifty PSU Bank Index is up 2.78%. Maharashtra Bank and Indian Overseas Bank are the biggest gainers with a 20% gain.
Source – NSE
09:29 AM The BSE Sensex is down by 182 points. 19 out of 30 stocks included in the index are down, while 11 stocks are up. Nestle India shares have slipped 4.71% the most.
Source – BSE
09:15 AM The BSE Sensex opened down 107.23 points at 51,996.94 and the Nifty declined by 33.55 points to 15,279.90.
The condition of markets around the world