Share Market Live: Nifty Declines, PSU Banks Witness 3% Surge, Know Where to Invest
Share Market Live: Today’s equities market performance was uneven, with both the Nifty and the Bank Nifty closing in the red due to profit booking in the financial and auto sectors. However, the Nifty PSU Bank Index increased by about 3%, while sectors such as IT, Pharma, and Oil & Gas closed in the green. Jio, SBI, and ONGC all saw significant gains. The market capitalisation of Small and Midcap indexes has increased by Rs 5 lakh crore in the last seven sessions.
Share Market Trend Today
In corporate news, Torrent Pharma purchased a majority position in JB Chemicals from KKR, resulting in an almost 7% drop in JB Chemicals shares. The HDB Financial IPO allotment was also completed today. Foreign Institutional Investors (FIIs) made a net purchase of Rs 1,397 crore, while Domestic Institutional Investors (DIIs) sold Rs 588 crore in equity. In the midst of these changes, Aaj Ka Bazaar is exploring potential investment opportunities with insights from Ensure Capital’s Co-Founder Girish Sodani and IDBI Capital Market Securities’ Technical Analyst Kshitija Salvi.
