1. Why did the stock market fall today?
The Indian stock market witnessed a decline today primarily due to weak performance in the FMCG and IT sectors. Investors also remained cautious ahead of the weekly options expiry. Global cues, including concerns over slowing global growth and higher U.S. bond yields, added to the bearish sentiment.
2. What is the Nifty and Sensex closing value today?
At the close of today’s trading session, the Nifty 50 index declined by 90 points to settle at 24,632, while the BSE Sensex dropped 300 points, ending the day at 80,722. The market saw a broad-based selloff across sectors, particularly in FMCG, IT, and metal stocks.
3. Which stocks performed well today?
Amid the broader market weakness, a few large-cap stocks stood out with notable gains. IndusInd Bank led the way with a gain of 2.08%, following the appointment of Rajiv Anand as CEO, which boosted investor confidence. Maruti Suzuki rose by 1.37%, driven by positive auto sales data and strong demand for hybrid models. Larsen & Toubro (L&T) also posted a gain of 0.98%.
4. What happened to the rupee today?
The Indian rupee weakened to Rs. 83.56 against the US dollar, reaching its lowest level in over six months. This decline was driven by multiple factors including sustained foreign fund outflows, rising crude oil prices, and a stronger US dollar index. Global uncertainty and cautious sentiment among foreign investors also played a key role. The Reserve Bank of India (RBI) refrained from strong intervention, allowing the rupee to slide further.
5. Was there any IPO update today?
Yes, the Highway Infrastructure Trust IPO witnessed an overwhelming response on Day 1 of its subscription. The issue was subscribed 8.25 times overall, reflecting strong institutional and retail investor interest. The retail portion alone was oversubscribed by 10.47 times, indicating robust participation from individual investors. This enthusiasm is attributed to the company’s strong fundamentals, promising returns, and government focus on infrastructure development.
