On Friday, the BSE Sensex fell 695 points, or 1.13%, during trading. The Sensex finished the day’s trading at 61055 points. But when it comes to the Nifty 50, it dropped below 18100 points. Due to this fall, investors lost ₹1.43 lakh crore. The BSE market cap decreased at the same time to ₹ 273.77 lakh crore.
Due to MSCI’s decision regarding the merger of HDFC and HDFC Bank as well as subpar global cues, the Indian stock market crashed on Friday. After HDFC and HDFC Bank merge, there will be a change in how the company’s weight is calculated, according to index aggregator MSCI. The weighted index factor for the combined company will be 0.50. As a result, there’s a chance that sales will rise. On the BSE, HDFC Bank shares dropped 5.56% to a low of ₹ 1,631. HDFC stock fell 5% to ₹2710. In the opening minutes of trading, the market capitalization of both companies decreased by ₹ 63,870 crore.
Following a day-high, the domestic stock market fell today. BSE’s main sensitive index, the Sensex, started the day off at a level of 61163 after losing 589 points. Nifty, on the other hand, began trading at 18117 levels. The Sensex dropped 390 points in early trade to 61358 while the Nifty dropped 101 points to 18154. The top gainers on the Nifty index included Adani Enterprises, ICICI Bank, L&T, Nestle, and Axis Bank, while the top losers included HDFC, HDFC Bank, IndusInd Bank, Hindalco, and Asian Paints. The final trading day of the week was Friday, and shares of Tata Steel decreased by almost 2%. The share price is currently at ₹ 109 on the BSE index. On May 5, 2022, the Tata Steel share price reached a 52-week high of ₹ 131.66, and on June 23, 2022, it reached a 52-week low of ₹ 82.71.
Let us inform you that on Thursday, the domestic stock market grew amid buying in a number of large corporations, including HDFC and Reliance Industries. To end the day at 61,749.25, the Sensex increased by 555.95 points. Additionally, Nifty increased by 165.95 points to 18, 255.80 points.
LTP CALCULATOR ANTICIPATION FOR THE NEXT WEEKLY RANGE OF NIFTY
The Nifty weekly range for the following week has been predicted by the LTP Calculator. Investors should be aware of these aspects since the LTP Calculator Option Chain indicates that the weekly range resistance for the Nifty is 18,406 and the weekly range support is 18,105.
