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New Delhi:

Today was a weak start in the stock market. In today’s pre-opening session, investor sentiment appeared weak, due to which a huge fall was seen in the market. BSE Sensex fell by 749.01 points to 76,629.90, while Nifty 50 fell by 236.10 points and opened at 23,195.40.

A sharp decline was seen in the stock market in early trading around 9:31 am. Sensex is down by 652.43 points (0.84%) and is trading at 76,726.48 and Nifty is down by 201.60 points (0.86%) at 23,229.90.

Due to fluctuations in global markets and economic uncertainties, there is pressure on the Indian stock market.

Sectoral indices saw selling in realty, metal, FMCG, PSU banks and auto sectors in early trade. Nifty Bank was down by 279 points or 0.57 per cent at 48,455.15. The Nifty Midcap 100 index was trading at 53,934.30, down 651.45 points or 1.19 percent. The Nifty Smallcap 100 index was down 172.85 points or 0.98 per cent at 17,472.70.

Meanwhile, Zomato, M&M, Tata Steel, Power Grid, Tata Motors, ITC, HDFC Bank, Bharti Airtel, Asian Paints, Sun Pharma and Kotak Mahindra Bank were the top losers in the Sensex pack, while IndusInd Bank, Axis Bank, Maruti Suzuki, HCL Tech and TCS were the top gainers.

Let us tell you that in the trading session from January 6 to January 10, a big decline was seen in the Indian stock market. Nifty fell 573 points or 2.39 percent to 23,431 and Sensex fell 1,844 points or 2.33 percent to 77,378. During this period, huge pressure was seen on Bank Nifty and it fell by 2,254 points or 4.42 percent and closed at 48,734.

Apart from this, the biggest impact of the decline was seen in midcap shares and last week the midcap index has declined by about 6 percent.

The sentiment of foreign institutional investors (FIIs) continues to be negative and last week FIIs have sold Rs 16,854 crore in the stock market. At the same time, foreign portfolio investors (FPIs) have withdrawn Rs 22,194 crore from the Indian stock markets so far this month.


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