New Delhi: Today the stock market (Sensex) set a new record. Sensex touched 66,000 level for the first time. The stock market had crossed the 66,000 level earlier in the day, but has since softened. The Sensex ended the day at 65,558.80.
The Indian stock market hit a new record today on Thursday, July 13. Sensex touched 66,000 level for the first time. However, the market later slipped from its peak and closed lower. At the end of the day, the Sensex rose 164.99 (0.25 percent) points. However, a bearish trend was observed in the broader market. The BSE Midcap and Smallcap indices fell 0.64% and 0.54% respectively to close in the red.
Power, oil and gas, utility and energy stocks were major losers in the sectoral index. On the other hand, IT and realty stocks saw a boom. Due to all this, the wealth of stock market investors has decreased by around 5.73 lakh crore rupees today.
On the fourth working day of the week, the domestic stock market fell after a record high. On Thursday, the Sensex closed at 65,558.89 points after a decline of 164.99 (0.25%) points. On the other hand, the Nifty closed down 29.45 (0.15%) points at 19,413.75 points.
However, the market managed to cross 66000 for the first time before the close and showed a gain of 670 points. Meanwhile Nifty also crossed the 19500 level and reached its new all time high. Markets benefited from easing inflation data in the US.
5.73 lakh crore rupees of investors were sunk
The total market capitalization of companies listed on BSE on Thursday July 13 was Rs. 295.92 lakh crore as compared to Rs. 301.65 lakh crores. Thus the market cap of companies listed in BSE today is around Rs. 5.73 lakh crore has decreased. Or in other words the investor’s assets are about Rs. 5.73 lakh crore has decreased.
Shares of HDFC Limited became past
Shares of HDFC Limited became a piece of history for the Indian stock market on Thursday. After the merger with HDFC Bank, now the shares will be trading in the market under the name of HDFC Bank. HDFC Bank shares will have the highest weighting (14 percent) in the Nifty. Shares of HDFC Bank rose 1.4% on Thursday. At the same time, shares of Zomato and PP Fintech hit their 52-week high (52-week high).
TCS shares rose more than 3 percent
On the other hand, shares of IT major TCS rose over 3 percent despite missing first quarter results. The Nifty was the highest gainer in the IT sector at 2.3 percent. Shares of TCS, Infosys and Coforge were seen trading up three per cent.