MUMBAI: The Indian stock market plunged for the second day in a row on investor selling. The Sensex closed just 51 points lower at 51,309 on Wednesday. The Nifty closed at 15106 with a low intra-day level of 14977 and a high of 15168. The stock market today saw rangebound trading which signaled caution with investors selling at higher prices in some stocks. Besides, the Bank Nifty, which has been rising for 10 consecutive days, also took a break today. The Bank Nifty fell 273 points to close at 35783.
It may be mentioned here that even though the stock market has declined for the second day in a row, the market cap of BSE has increased which is a rare occurrence. The BSE’s market cap rose by just Rs 53,000 crore to Rs 203 lakh crore at the end of the session on Wednesday. Which was Rs 202.47 lakh crore last Tuesday.
Today, 17 out of 30 blue chip stocks in the Sensex fell. At the end of the session, the market breadth of the BSE was negative. Today, 1465 shares rose on the BSE while 1499 shares fell on the other hand. Shares of 247 companies touched a 52-week high on the BSE today, while 37 stocks had a 52-week low. The midcap and smallcap indexes improved by half a per cent. The realty index rose the most at 1.72 per cent in the sectoral index today. Consumer goods then rose 1.5 per cent and auto 1 per cent. The telecom index fell the most at 1.5 per cent today.