Stock Market Closing: the Decline IN the Market Is Not Stopping, Sensex 57000 and Nifty Closed Below 17,000

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Stock Market Closing On 28th September 2022-23: The trend of decline in the Indian stock market is not taking its name to stop. The market has closed in the red mark due to heavy profit booking on the third trading day of the week. Sensex has slipped below 57,000 and Nifty has slipped below 17,000. At the end of trading today, the Sensex of the Mumbai Stock Exchange closed at 56,598 points with a fall of 509 points, while the Nifty of the National Stock Exchange fell 148 points to close at 16,858 points.

Sensex and Nifty condition
The decline in the Indian stock market continues due to the weakening of the rupee against the dollar and the possibility of raising interest rates by the RBI and fears of a global recession. 11 out of 30 Sensex stocks closed trading and 19 stocks have registered a rise. On the other hand, 15 out of 50 stocks in Nifty got closing with a rise while 35 stocks saw a fall. In the market today, except the auto, IT, and pharma sectors, the shares of all the sectors closed in the red mark. Sectors like Banking, FMCG, Metals, Media, Energy closed with a fall. Mid cap and small cap stocks also declined.

On Monday, 3,532 shares were traded on the BSE, in which only 1341 shares closed in the green while 2086 shares closed down. There is no change in the price of 105 shares. In today’s trading session, 209 shares closed with upper circuit and 218 shares closed with lower circuit. The market cap of the market has come down to Rs 268.37 lakh crore.

, Stock Market Closing: The decline in the market is not stopping, Sensex 57000 and Nifty closed below 17,000

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