Stock Market Closing ON 18 September 2024: The Indian stock market closed with a decline after turmoil due to the decision taken by the US Central Bank Federal Reserve regarding interest rates. After touching an all-time high during the day's trade, the market fell due to profit booking. However, banking stocks saw strong buying in today's trade while IT stocks saw a sharp decline. At the end of today's trading, the BSE Sensex closed down 131 points at 82,948 and the National Stock Exchange's Nifty closed down 41 points at 25,377 points. 

Decline in market cap of the market 

Due to the fall in the market and especially the sharp fall in IT stocks and mid-cap and small-cap stocks, the market cap of the stocks listed on BSE has closed at Rs 467.58 lakh crore, which was closed at Rs 470.29 lakh crore in the last trading session. That is, in today's session, investors have suffered a loss of Rs 2.71 lakh crore. 

Rising and falling stocks 

In today's trade, out of 30 BSE Sensex stocks, 11 closed with gains and 19 closed with losses. Out of 50 Nifty stocks, 20 closed with gains and 30 closed with losses. Out of 4070 stocks traded on BSE, 1520 closed with gains and 2455 closed with losses. Among the rising stocks, Bajaj Finance closed with gains of 3.65%, Bajaj Finserv 2.11%, Nestle 1.61%, ICICI Bank 1.55%, HDFC Bank 1.54%, SBI 1.19%, L&T 0.99%, IndusInd Bank 0.83%, Adani Ports 0.13%. Among the falling stocks, TCS closed with a decline of 3.49 percent, HCL Tech 3.15 percent, Infosys 3.09 percent, Tech Mahindra 2.79 percent, Sun Pharma 1.79 percent, Tata Steel 1.44 percent, Tata Motors 1.29 percent.  

Sectorol Update 

In today's trading, only banking stocks and financial services related stocks rose. While the IT index closed down by 1325 points. Apart from this, auto, pharma, FMCG, metals, real estate, media and healthcare stocks closed with a decline.