Stock market upset due to heavy beating of Adani shares, Sensex-Nifty closed on strong decline.

Stock Market Closing: Due to the sharp fall of Adani stocks and huge selling in PSU banks, the Indian stock market has closed in the declining range today. After the allegations of bribery of about 250 million dollars against Adani Group in America, there was an outcry in Adani stocks and some shares of the group fell by 23-24 percent. At the time of market closing, a decline of more than 23 percent was seen in Adani Enterprises. In early trading on November 21, Gautam Adani’s net worth had fallen by $ 12.1 billion or 17.28 percent to $ 57.8 billion.

How was the market closing?

BSE Sensex closed at 77,155 after a fall of 422.59 points or 0.54 percent. NSE’s Nifty closed at the level of 23,349 with a decline of 168.60 points or 0.72 percent.

BSE’s market cap fell to this level

The market cap of BSE has come down to Rs 425.29 lakh crore and after reaching its all-time high of Rs 478 lakh crore, it has come down by Rs 49 lakh crore. Trading closed in 4065 shares of BSE today, out of which 1237 shares closed with a rise and 2736 shares closed with a rise.

Nifty Sectoral Index

If we look at the sectoral index of Nifty, the shares of Nifty IT, Private Bank and Realty had the biggest rise and all the other sectoral indices closed with a decline. Among the falling sectors, the maximum weakness of 2.70 percent was seen in PSU banks and a decline of 2.40 percent was seen in media stocks.

Situation of Sensex shares

If we look at the condition of BSE Sensex shares, a decline is seen in 10 out of 30 shares and here Power Grid’s share was the fastest. Among the rising stocks, UltraTech Cement, HCL Tech, Tata Steel, TCS, Infosys, Kotak Mahindra Bank, Axis Bank, Tech Mahindra and ICICI Bank have recorded the highest rise. Among the falling Sensex stocks, Adani Ports, SBI, ITC, NTPC, Asian Paints, Bajaj Finance, IndusInd Bank and Bajaj Finserv are seeing the biggest decline.

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