Stock Market Today: Sensex lost 440 points, yet ONGC-GAIL shares rose

The Indian stock market closed in the red mark on 5 March, the last day of the week. The Sensex and Nifty benchmark indices lost nearly 0.9%. The market had weakened by 1% on the previous day also. Metal sector stocks fell the most. Let’s see what was important in the market

The BSE Sensex has fallen below 50,500. At the same time, the NSE Nifty index also closed below 15,000.

The big things of the Stock Market of March 5 –

• The BSE Sensex index lost 440 points on Friday. At the same time, there was a 142 point weakness in the NSE Nifty index.
• 9 of the 30 stocks of the Sensex pack closed in the green mark. In Nifty 50, 38 stocks were in the red mark.
• The IPO of MTAR Technologies was subscribed 178.32 times on its last day on Friday at 3.26 pm. Issu was subscribed 552 times at most by HNI.
• Heranba Industries IPO was listed with a premium of 43.5% to ₹ 900 on the stock market. The issue price of the stock was Rs 627 per share.
• Shares of UltraTech Cement and Grasim set a new peak for their 52 weeks.
• Nifty Midcap 100 and Smallcap 100 indices also closed in red mark like Nifty. The smallcap index weakened 1.55% while the midcap index 2.15% weakened.
• The Volatility Index (VIX) is at 25.56 after a jump of 5.84%.

Market Movement

Nifty

Open – 14,977.95
Close – 14,938.10
Variations – (-0.95%)
High – 15,092.35
Low – 14,862.10

Sensex

Open – 50,517.36
Close – 50,405.32
Variations – (-0.87%)
High – 50,886.19
Low – 50,160.54

What was the reason for the decline in the market?

Buyers were caught in the market amid weak signals from overseas markets. This increase in the bond yield again showed this direction in the market. Profit booking in the market by foreign investors (FII) was the main reason for the decline. The market had lost nearly 1% on the previous day as well.

Which sectors performed better?

On March 5, all sector-based indices of the Nifty closed in the red mark. The metal index lost the most by 2.70%. Banks, IT, financial services, pharma and realty indices fell around 1.5%. The auto sector declined by 0.95. Similarly, the energy index weakened by 0.41%.

Nifty-50 shares seen the fastest in these stocks

ONGC (+ 2.40%)
GAIL (+ 1.77%)
Maruti Suzuki (+ 1.67%)
Kotak Mahindra (+ 1.18%)
Hero MotoCorp (+ 1.17%)

These shares of Nifty-50 are broken.

IndusInd Bank (-4.48%)
Tata Motors (-3.83%)
Wipro (-3.76%)
UPL (-3.60%)
Tata Steel (-2.99%)

Stocks that are the most active –

Tata Motors, SBI and Reliance were the three most active stocks in the Sensex by value. At the same time, stocks of Tata Motors, SBI and ONGC dominated by volume.

What are the signs for next?

In the coming days, the news related to FII investment, bond yields will be affected. Investors will also be watching the news related to Corona and the signals from foreign markets. Investors should trade carefully in the market.