Stock Market Closing, 21st July 2023: The final business day of the week was disappointing for the Indian stock market. Today there was a break in the bull market which was going on for six days. Today, the market crashed by more than 850 points, causing panic among investors. The impact of global pressure was also seen on the domestic stock market today. Reliance shares also fell ahead of the results.
The Indian stock market index Sensex closed down 887.64 points at 66,684.64 points and Nifty closed down 199.3 points at 19779.85 points. After today’s decline, investor wealth has fallen to 302.43 lakh crore.
For this reason, the stock market crashed –
The biggest reason for the decline in the stock market is the major company of the IT sector, Infosys. The effect of its result is being seen on the market. Infosys has lowered its revenue guidance for the current financial year to 1-1.35 percent from 4-7 percent. This decline is much higher than market expectations. Due to this, the stock market including IT shares is seeing a decline.
Global markets: American stock exchange Nasdaq saw its biggest decline since March on July 20 after a 40 percent gain this year. The Nasdaq opened lower as Tesla and Netflix reported poor results. Due to this, the markets around the world were sluggish. Japan’s stock market also opened lower.
Nifty rising-falling stocks
Infosys, Tech Mahindra, HCL Technology, HUL and Reliance Industries were the top performing stocks on the Nifty. While L&T, ONGC, NTPC, SBI and BPL were Nifty gainers. Among the sectors, the IT sector saw a decline of 4.6 percent. FMCG fell by one per cent and metals also fell by one per cent. Whereas the Capital Goods Index rose by 1 percent. The BSE mid-cap and small-cap indices closed flat.
Join Our Official Telegram Channel: https://t.me/abpasmitaofficial
.