Stock Market Closing On 28th December 2022: After two days of strong growth, the Indian stock market declined on Wednesday. After opening with a fall in the morning, the market also showed recovery and returned to the green mark. But at the close of the market, the BSE Sensex fell marginally by 17.15 points to 60,910 points or 0.03 per cent, while the NSE Nifty closed at 18,122 points with a 10-point decline.
Sectors like banking, IT, pharma, metals saw a decline in the market. Although the shares of auto, media, energy sector closed with a boom. While the smallcap stocks closed down, the midcap index closed up sharply. Out of 30 Sensex stocks, 13 closed with gains while 37 declined. While 20 stocks in Nifty’s 50 stocks closed with a boom and 30 stocks closed with a decline.
Today, Titan’s share in the market closed with a gain of 3.06 per cent, Mahindra & Mahindra 1.47 per cent, Power Grid 1.46 per cent, Maruti Suzuki 1.39 per cent, while Bharti Airtel 1.35 per cent, Apollo Hospital 1.19 per cent, Hindalco 1.07 per cent, Tata Steel 1.03 per cent. Bajaj Finserv closed down by 0.98 per cent.
Investors’ wealth increased despite the decline
Indian stock markets closed with a decline but investors’ wealth has seen an increase as compared to Tuesday. There has been a jump of Rs 51000 crore in the wealth of investors. Investors’ wealth has increased from Rs 280.49 lakh crore to Rs 281.04 lakh crore.