Thursday’s domestic stock markets declined after a one-session rally. Nonetheless, shares worth ₹ 12,770.81 Crores were purchased by foreign portfolio investors (FPIs). Investor sentiment was impacted by a negative trend in the global equity markets and the selling of shares of banking and IT businesses. The Sensex dropped 501.73 points to end the day at 58,909.35. During trading, it had dropped to 544.82 points. Nifty 129 points down to 17,321.90 at the closing. In Asian markets, the Nikkei 225, Shanghai Composite, and Hang Seng all continued to decline. The KOSPI in South Korea grew.

The capital of 94,301 investors fell to ₹ 259.99 Lakh Crore. Due to the market fall, the total market capitalization of the businesses listed on the BSE fell by ₹ 94,031 billion to Rs 259.99 Lakh Crore. 24 of the 30 companies on the Sensex ended the day with declining share prices. The largest decline in share price was seen by Maruti, down 2.42%. Shares of only six companies closed in the black. The shares of the Adani Group all rose for the second day in a row. On Thursday, shares of every one of the ten Adani Group firms ended the day higher. The highest gainer by 5% was Adani Transmission. Adani Green and Adani Wilmar both had gains of 4.99%. Due to gains in shares, the group’s market value rose by ₹ 30,000 Crore to ₹ 7.86 Lakh Crore. On the three days from Tuesday to Thursday, the market capitalization increased by ₹ 1.04 Lakh Crore. The Adani Family sold its shares in four businesses. Shares in Its Trust’s four firms were sold for 21.13 billion. On Thursday, Gautam Adani moved up the wealthy list, moving from position 33 to position 27. To achieve $39.3 billion, his fortune climbed by $1.5 billion. He moved up 11 spots on the rich list in three days at the same time. sold for ₹ 15,446 Crore to US firm GQG Partners.

Also, due to a weakening of precious metals in the international markets, gold got cheaper by ₹ 295 to ₹ 55,770 per 10 kilos on the Indian market on Thursday. The price of silver per kilogram decreased by ₹ 640 to ₹ 64,380. The price of gold was modestly trading at $1.831 per ounce on the global market.

LTP CALCULATOR ANTICIPATION FOR THE NEXT WEEKLY RANGE OF NIFTY 

As the LTP Calculator Option Chain suggests that the NIFTY’s next weekly range Resistance and Support are 17,580 and 17,220, respectively, investors should be conscious of these factors.