The Indian stock market bse sensex began its trading on the 8th of July after closing at 77042.82 on the previous trading day by 668.89 points or 0.87 which is a substantial loss, whereas the nse nifty index opened at 23277.10 and am i tending at 23186.35 which is a drop of 125.45 points or 0.54 percent.

Carry over Nifty50 winners and losers

In the nifty50 exchange shares from 50 stocks 30 exhibited green, most of the gainers like Reliance, Hinalco, BPCL, and Asian paints rose by a good 2.09 percentage. On the other hand, 20 such stocks exhibited a fall with most of them reporting losses such as Infy, Axis Bank and Wipro.

SENSEX greatest tag and worst tag

Reliance industries after releasing thier q3fy25 quarter earnings has surged to around 3 percent, thus making it the largest gainer of sensex. Followed by companies such as Tata Motors, Zomato, Nestle and India Motors.

The most significant contributor of the decline of the index was Axis Bank which plunged by over 4 percent followed by Infosys whose shares fell by more than 4.5 percent. These two equities were subject to a jolting reaction post the Q3 FY25 earnings. Step by step, HCL Tech, TCS, Mahindra & Mahindra, Kotak Mahindra Bank, IndusInd Bank, and a couple more companies were reasons for the downfall in the 30-share index.

February 19-21 saw the Oil & gas sector gain, however, the IT sector continued to plunge in a loss.

Contrary to oil and gas as a sector that continually gained in value, IT continues as a major area of loss. It was reported that Reliance Industries alongside GSPL were the primary cause that contributed to the rise of the Nifty Oil and Gas, which rose by 1.5 percent. GSPL as well reported growth by 2.6 percent. Other contributions were reported from Nifty Metal, Nifty Realty and Nifty FMCG which attributed 1.3 percent, 1 percent , and 0.3 percent of gains, respectively. Other than what was reported, Nifty Healthcare and Nifty Pharma also showed signs of gaining.

Nifty IT on the other hand is reported to have dropped by over 2.5 percent with LTIMindtree and Infosys like before being the primary driving causes. Nifty Bank, Nifty Financial Services, and Nifty Consumer Durables were the following sectors after IT in order of growth reported.