stock market
The stock market has had a weak start on Monday, the first trading day of the week. BSE Sensex opened 132.81 points down at 82,052.65 points. At the same time, NSE Nifty is also trading 25.90 points down at 24,742.40 points. If we look at the falling stocks, there is a decline in heavyweight stocks like KOTAKBANK, AXISBANK, MARUTI, NTPC, INFY, HDFCBANK, TITAN etc. Whereas M&M, HCLTECH, RELIANCE, ITC and INDUSINDBK are bullish. Let us tell you that the stock market had taken a big jump on Friday. On weekly basis, a total increase of 623.07 points or 0.76 percent was recorded in Sensex and 90.5 points or 0.36 percent increase in Nifty.
Last week, the market valuation (market cap) of five of the 10 most valuable Sensex companies had increased by Rs 1,13,117 crore. Bharti Airtel was the biggest gainer. Apart from this, there was an increase in the market capitalization of Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank and Infosys. Whereas the valuations of Reliance Industries, State Bank of India (SBI), Life Insurance Corporation of India (LIC), ITC and Hindustan Unilever had declined.
Stir in these companies today
Among the 30 Sensex-listed companies, JSW Steel, Titan, Bharti Airtel, Nestle, Mahindra & Mahindra, Tata Consultancy Services, NTPC and Sun Pharma were the biggest losers. Shares of ITC, Reliance Industries, UltraTech Cement, Bajaj Finance, IndusInd Bank and Asian Paints rose. In Asian markets, South Korea’s Kospi, Hong Kong’s Hang Seng and Japan’s Nikkei were in loss, while China’s Shanghai Composite was in profit. US markets closed with a negative trend on Friday.
Crude oil became cheaper
International standard Brent crude fell 0.31 percent to $ 74.26 per barrel. According to stock market data, foreign institutional investors (FIIs) were buyers on Friday and bought shares worth a net Rs 2,335.32 crore.
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