Share Market Live Update: The beginning of the stock market was strong today. The Bombay Stock Exchange’s 30-share key sensitive index Sensex opened at 59,256 with a gain of 222 points at 9.15 am on Thursday. On the other hand, Nifty also started trading today with a green mark. Adani Wilmar and Adani Power got lower circuited in the early trade itself.
Before the introduction of the RBI Monetary Policy, the Sensex came down to the level of 59256 with a gain of just 11 points in the initial trade. At the same time, Nifty was trading at 17639 with a gain of 0.30 points. Stocks like Tata Steel, Titan, Dr Reddy, Reliance, Wipro, Bajaj Finserv, Hindustan Unilever were on the green mark on the Sensex in early trade. At the same time, Axis Bank, Bajaj Finance, Sun Pharma, HDFC Bank, HDFC, Tech Mahindra were trading on the red mark.
Thursday’s
Domestic stock markets fell for the third consecutive day on Thursday and the BSE Sensex fell by 575 points. Markets ended lower with losses in HDFC Ltd., HDFC Bank, TCS and Reliance Industries, which were strong losers in the index, amid a weak trend in global markets. The 30-share Sensex closed at 59,034.95, down 575.46 points, or 0.97 per cent. During trading, it had slipped up to 633.06 points or 1.06 per cent. Investors are awaiting the outcome of RBI’s monetary policy review meeting. The monetary policy review will be released on Friday.
The Nifty of the National Stock Exchange also closed at 17,639.55, down 168.10 points, or 0.94 per cent. Of the thirty Sensex stocks, Titan, HDFC, HDFC Bank, Wipro, TCS, Reliance Industries Ltd. And POWERGRID was the worst hit. Foreign institutional investors sold shares worth Rs 2,279.97 crore on Wednesday, according to stock market data.
On the contrary, Axis Bank, Hindustan Unilever, ICICI Bank, Mahindra & Mahindra and Dr. Reddy’s are among the gainers. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “The reason for the recent decline in the market is the aggressive stance of the US Federal Reserve on the interest rate.”