Today, the stock market experienced a wave of volatility as the Sensex dropped by 366 points and the Nifty fell below 19300. It’s important to remember that market fluctuations are a normal part of investing, and there are strategies you can employ to navigate these challenging times.
India’s benchmark indices closed lower for the second day in a row on August 25 as investors awaited the US Federal Reserve chairman’s speech at the annual Jackson Hole conference for signs of rate hikes. The benchmark Sensex closed down 365.83 points or 0.56% at 64,886.51 and the Nifty closed down 120.90 points or 0.62 at 19,265.80.
Earlier it started with a decline in the market due to weak global shocks and remained in the red mark throughout the session. Sensex slipped below 65,000 and Nifty touched 19,200 levels during Friday’s trading session. Sensex and Nifty closed flat during the past week.
During this time, Bajaj Finserv, Asian Paints, Bajaj Finance, ONGC and Bharti Airtel were among the top gainers of Nifty, while Dr. Shares of Reddy’s Laboratories, Adani Ports, JSW Steel, Power Grid and Larsen & Toubro were among the losers. Capital Goods, FMCG, PSU Bank, Metal, Realty and Power recorded decline of one per cent each.
BSE’s midcap index fell by around one per cent and smallcap index by 0.2 per cent. Short build-up was seen in Syngene International, L&T Finance Holdings, Ambuja Cements, while long build-up was seen in Vodafone Idea, Sun TV Network and Escorts Kubota. Cell, G Entertainment Enterprises and Ipka Laboratories saw volumes rise by over 800 percent in today’s session.
About 200 shares on BSE include Balaji Telefilms, Genus Power Infrastructure, Titagarh Rail Systems, Gateway Distriparks, Vimta Labs, Texmaco Rail & Engineering, Sun TV Network, Escorts Kubota, Ramkey Infrastructure, Emphasis, KPI Green Energy, Atul Auto, Indiabulls Housing Finance touched its 52-week high.
Gold fell by Rs 50, silver fell by Rs 400
Gold fell by Rs 50 to Rs 59,600 per 10 grams in the Delhi bullion market on Friday amid signs of weakness in global markets. Gold had closed at Rs 59,650 per 10 grams in the last trading session. Meanwhile, silver prices also fell by Rs 400 to Rs 76,300 per kg. In global markets, gold and silver were trading lower at $1,915 per ounce and $24.10 per ounce, respectively.
While market fluctuations can be unsettling, they are an inherent part of investing. By focusing on long-term goals, staying informed, and embracing opportunities, you can navigate volatile markets successfully. Remember, resilience and a positive outlook are key to weathering storms and achieving financial success.