Finance & Stock Market

Highlight of the Stock Market The markets end their losing run! Nifty closes above 22,000, Sensex closes up nearly 250 points; Bank Nifty finishes in the red.

Highlight of the Stock Market  The markets end their losing run! Nifty closes above 22,000, Sensex closes up nearly 250 points; Bank Nifty finishes in the red.

By - 12 May 2024 08:53 PM

News about Today's Share Market Crash - Sensex, Nifty, Share Prices Highlights of the Crash: The trading session on Friday saw the key equity indices conclude in the green.Current News on the Share Market: Sensex, Nifty, and Share Prices Standouts: On May 10, the benchmark equity indices ended a four-day losing streak. The NSE Nifty 50 closed 97.10 points, or 0.44%, lower at 22,054.60, while the BSE Sensex increased 248.45 points, or 0.34%, to conclude the day's trading at 72,652.62. At 49,551.20, the Nifty Midcap 100 ended the day higher, up 442.05 points, or 0.90%. Nevertheless, Bank Nifty ended the day at 47,449.64, down 38.25 points, or 0.08%.Highlights of the stock market: On Tuesday, continuous selling in major index heavyweights including Reliance, HDFC Bank, Infosys, and Bharti Airtel caused equity benchmark indices to linger in the negative zone.The S&P BSE Sensex eventually closed 362 points lower at 72,470 after reaching a low of 72,363. The BSE benchmark ended its three-day winning streak, during which it had gained 821 points, in the process.

The NSE Nifty 50 closed at 22,005, down 92 points from its closing price of 21,948, but it was able to keep over the 22,000 barrier in the end.The two companies with the largest percentage losses among the Sensex 30 were Power Grid and Bharti Airtel, both down 2%. On the BSE benchmark, however, HDFC Bank, Reliance, and Bharti Airtel collectively contributed to a 250-point decline.However, a few noteworthy largecap movers were Axis Bank, Larsen & Toubro, NTPC, and Bajaj Finance.The BSE MidCap index concluded with a 0.7% gain, outperforming the rest of the market. The SmallCap index finished slightly lower, down 0.1%.

 

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