Stock Market Today 23 Feb: Bounce back in market, but Sensex still below 50 thousand, Nifty up 68 points

Today, on the second trading day of the week, the stock market opened up sharply. In early trade, the Bombay Stock Exchange‘s major index Sensex opened with a gain of 225.67 points (0.45 percent) at 49,969.99. At the same time, the National Stock Exchange’s Nifty opened at 14,744 levels, up 68.30 points, or 0.47 percent.

3.7 lakh crores of investors sunk

1032 shares gained, 265 stocks declined and 53 stocks remained unchanged. Earlier on Monday, investors lost Rs 3.7 lakh crore in capital due to a sharp fall in the BSE Sensex. Yesterday, the Sensex had recorded its biggest single day drop in the last two months. At the close of business, the market capitalization of BSE listed companies declined by Rs 3,71,883.82 crore to Rs 2,00,26,498.14 crore. The market capitalization of BSE listed companies was Rs 2,03,98,381.96 crore as on 19 February.

These factors will decide the direction of the market this week

The stock market will follow global trends in the absence of any major domestic events this week and it is expected that the market movement will be limited in this period. Analysts said that due to the cutting of monthly derivatives deals, there may be ups and downs. Markets are expected to remain sluggish and limited. Investors should trade carefully in key indices and take into account any developments in global markets. The BSE benchmark Sensex lost 654.54 points, or 1.26 per cent, last week.

State of heavy stock

Talking about the big stocks, during the initial trading today, the shares of Dr. Reddy, ITC, Bajaj Finserv, ONGC, ITC, Sun Pharma, SBI and Maruti opened on the green mark. The shares of Tech Mahindra, NTPC, Bajaj Auto, HDFC Bank, HDFC and Asian Paints opened on the red mark.

This was the condition of the stock market during the pre open

The Sensex was up 100.69 points (0.20 per cent) at 49,845.01 at 9.02 am during the pre-open. The Nifty was up 45.50 points (0.31 per cent) at 14,721.20.

The market was open on a moderate rise on the previous trading day
The Sensex opened with a gain of 15.78 points (0.03 per cent) at 50905.54 on the previous trading day. At the same time, the Nifty opened at 14,999.05, up 17.30 points or 0.12 percent. After this the market fell strongly. The Sensex was down 1024 points at 49865.38 and the Nifty at 14705.75 at 1.59 pm.

The market was closed on a heavy decline on Monday

On Monday, the Sensex closed down 1145.44 points (2.25 per cent) at 49744.32. The Nifty closed at the level of 14675.70, down 306.05 points, or 2.04 per cent.