Today, on the first trading day of the week, the stock market opened with a slight uptrend. The Bombay Stock Exchange’s major index Sensex opened 15.78 points (0.03 percent) at 50905.54 in early trade. At the same time, the National Stock Exchange’s Nifty opened at 14999.05, up 17.30 points or 0.12 percent. 996 shares gained, 409 stocks declined and 92 stocks remained unchanged. After this, the market fell strongly at 11.14 am. The Sensex was down 495.45 points (0.97 percent) to reach the level of 50394.31. The Nifty also declined and fell by 124.60 points (0.83 percent) to 14857.15.
Global signals will decide the direction of the market this week
The stock market will follow global trends in the absence of any major domestic events this week and it is expected that the market movement will be limited in this period. Analysts said that due to the cutting of monthly derivatives deals, there may be ups and downs. Markets are expected to remain sluggish and limited. Investors should trade carefully in key indices and take into account any developments in global markets. The BSE benchmark Sensex lost 654.54 points, or 1.26 per cent, last week.
8 companies out of the top 10 reduced market capitalization last week
8 of the top 10 Sensex companies lost market capitalization of Rs 1.23 lakh crore last week. The BSE Sensex lost 654.54 points or 1.26 percent in the previous week. Among the top 10 companies, only Reliance Industries (RIL) and State Bank of India (SBI) registered gains. At the same time, Tata Consultancy Services (TCS) fell the most and it’s market valuation fell by Rs 44,672.14 crore to Rs 11,52,770.11 crore.
State of heavy stock
Talking about the big stocks, during the initial trading today, Dr. Reddy, ITC, Tech Mahindra, JSW Steel and NTPC shares opened on the green mark. The shares of Tata Steel, Coal India, GAIL, BPCL and Bajaj Finserv opened at the red mark.
Sectoral index tracking
If we look at the sectoral index, today FMCG and Realty started on a decline. Media, banks, pharma, finance services, auto, IT, metal and private banks opened on the green mark.
This was the condition of the stock market during the pre-open
The Sensex was down 11.96 points (0.02 per cent) at 50,877.80 at 9.01 am during the pre-open. The Nifty was up 49.20 points (0.33 per cent) at 15,031.00.
The market was open on the previous trading day on a decline
The Sensex opened 222.82 points (0.43 per cent) down at the level of 51,101.87 on the previous trading day. The Nifty opened 64.50 points, or 0.43 per cent, down at 15,054.50.
The market was closed on Friday on the heavy downfall
On Friday, the stock market closed on a steep decline after day-long fluctuations. The Sensex was down 434.93 points (0.85 per cent) at 50889.76. The Nifty closed at 14981.75, down 137.20 points, or 0.91 per cent.