Stock Market Updates: Today is the third consecutive session when the stock market is witnessing a decline.
New Delhi:
Today i.e. on 9th May, the trading session in the stock market has once again started on the red mark. The benchmark equity index declined in early trade on Thursday amid heavy withdrawal of foreign funds and selling in Reliance Industries and Tata Consultancy Services. BSE Sensex opened at the level of 73,499 points while National Stock Exchange’s Nifty opened at the level of 22,224.80. In this way, today is the third consecutive session when the stock market is witnessing a decline.
Read also
In early trade, the Sensex fell by more than 250 points to 73,167. Weakness was also seen in Nifty and it was trading at 22,210.
Among Sensex listed stocks, Larsen & Toubro fell by more than 3 per cent after March quarter results. At the same time, Tata Consultancy Services, Tech Mahindra, ITC, Bajaj Finserv, Bharti Airtel and Reliance Industries were among the losers, while Mahindra & Mahindra, Titan, Maruti and Tata Motors were among the top gainers.
Today, some growth and some decline have been seen in the sectoral indices. Nifty Auto (+2.2%) and Nifty Consumer Durable (+0.6%) registered gains, while Nifty PSU Bank was trading 0.5% higher. On the other hand, Nifty FMCG, Healthcare, Pharma and Oil & Gas indices have declined by 0.8%.
Yesterday, the Sensex based on 30 shares had closed at 73,466.39 points with a decline of 45.46 points or 0.06 percent. Whereas Nifty of National Stock Exchange remained stable at 22,302.50 points.
According to stock market data, foreign institutional investors (FIIs) were sellers in the capital market on Wednesday and sold shares worth a net Rs 6,669.10 crore.
