Today, the stock market witnessed a sharp decline and subsequent dramatic ups and downs. The stock market fell sharply in the first hour of trading after losing ground following negative global signals. The National Stock Exchange Nifty was down over 14,350 points, up more than 400 points. The Nifty rose by 1.28 per cent to close at 14,744.
The rebalancing of FTSE paved the way for the market to recover. Following the rebalancing, the Indian stock market is expected to receive between $ 800 million and $ 900 million.
At the same time, the market ended the week with a general loss. The Sensex and Nifty lost two per cent each this week.
The Nifty FMCG index was up 2.4 per cent and the metal index was up 2.1 per cent today. The public sector bank index rose 1.5 per cent and the pharma index 1.3 per cent.
The Nifty Midcap Index was up 1.2 per cent and the Smallcap Index was up 0.7 per cent. 1011 shares of the Nifty gained while 868 shares lost.
