Stock market opened with slight decline

Share Market Opening: Amid weak signals from the global market, the Indian stock market opened with a decline on the second trading day of the week. However, till 9.30 in the morning a slight recovery was seen in the market. Sensex was trading at 72,821.48, up 0.043 percent or 31.34 points. Whereas, Nifty was trading at 22,131.60 with a slight increase of 0.043 i.e. 9.55 points. thirty shares Bombay Stock Exchange Shares of 18 companies on the index Sensex are trading with green mark. Whereas, 12 companies are in loss. At the same time, in the global market at 7:25 am, GIFT Nifty was flat at 22,143. In Asia, Japan’s Nikkei was the only gainer, rising 0.2 percent. Whereas, Hang Seng, ASX 200 and Kospi fell by about 0.2 percent. In America, S&P 500 index fell by 0.38 percent, Nasdaq Composite fell by 0.13 percent and Dow Jones fell by 0.16 percent. Today, shares of Paytm, State Bank and Canara Bank will be in focus.

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What is the condition of the sectors?

In the share market, shares of TCS, Wipro, Ultra Tech Cement, Titan, Power Grid, HCL Tech and JSW Steel were among the top gainers on Sensex. Whereas, shares of Axis Bank, Bajaj Finance, HDFC and ICICI were included in the category of top losers. On Nifty at 9.30 am, red mark is visible in Bank, PSU Bank, Financial Service and Oil & Gas. In other sectors, business is going on with a green mark. However, the FMCG sector is lagging.

How was the market yesterday?

On the first trading day of the week, Indian stock market declined due to profit booking in shares of information technology, metal and consumer durables companies amid weak trend globally. BSE Sensex based on 30 shares closed at 72,790.13 points with a decline of 352.67 points or 0.48 percent. 26 Sensex stocks were in loss while four were in profit. National Stock Exchange’s Nifty also closed at 22,122.05 points with a decline of 90.65 points or 0.41 percent. Out of 50 Nifty stocks, 37 were in loss. IT stocks Infosys, TCS, HCL Tech, Wipro and Tech Mahindra continued to fall amid concerns over inflation in the US market.