What Happened in The Indian Stock Market This Week?

After the market closed on Thursday, Indian equities declined due to losses in the banking, real estate, and capital goods industries.

The BSE Sensex 30 index fell 0.68% at the closing, while the NSE Nifty 50 index lost 0.64%. The Nifty 50’s top session performance was HCL Technologies Ltd (NS: HCLT), which increased 3.16% or 30.10 points to close at 982.10. Coal India Ltd. (NS: COAL) was up 0.86% or 2.00 points to 234.10 in the late afternoon, and Sun Pharmaceutical Industries Ltd. (NS: SUN) gained 1.30% or 12.45 points to close at 968.00. Wipro Ltd (NS: WIPR), which dropped 7.07% or 28.85 points to settle at 379.10, was the worst-performing stock of the session.

Bank of India Seems to Be Crashing

State Bank of India (BO: SBI) lost 2.36%, ending at 521.35. Wipro Ltd (BO: WIPR) was down 7.03% to 379.10 in late trade, and Larsen & Toubro Ltd (BO: LART) was down 1.85% to 1,876.00 at the close. On the Bombay Stock Exchange, 2030 dropped, and 1247 advanced, while 126 closed unchanged. On the India National Stock Exchange, declining stocks exceeded rising ones by a245 to 580, while 58 concluded unchanged.

The implied volatility indicator for Nifty 50 options, known as the India VIX, increased by 0.57% to 20.29. The price of gold for December delivery increased 0.21 percent, or $3.50, to $1,681.00 per troy ounce. In other commodity trades, the November delivery price of crude oil increased by 0.02% or 0.02 to $87.29 per barrel, while the December price of the Brent oil contract increased by 0.12% or 0.11 to $92.56 per barrel.