Stock Market Closing On 26th September 2022: The first trading day of the week has proved to be a disappointment for the investors of the Indian stock market. Due to heavy selling of domestic and foreign investors, the market fell upside down. At the end of trading today, the Sensex of the Mumbai Stock Exchange closed at 57,145 points with a fall of 953 points, while the Nifty of the National Stock Exchange fell 311 points to close at 17,016 points.
The Indian stock market has fallen near 1000 points on the first day of the week due to the weakness in the rupee against the dollar and the possibility of raising interest rates by the RBI and fears of a global recession. This is the second consecutive trading session when the market has seen a decline of close to 1,000 points. On Friday 23 September, the Sensex had seen a fall of more than 1,000 points. Except IT, all other sector stocks saw a decline in the market. Bank Nifty closed with a fall of 930 points. Auto, energy, metals, pharma, FMCG sector stocks saw profit-booking. Midcap and smallcap stocks were also not untouched by this fall. Of the 50 stocks of Nifty, only 7 shares closed in the green, while the remaining 43 stocks declined, while out of 30 stocks of Sensex, only 7 shares closed in the green, the remaining 23 stocks closed in the red mark.