Mumbai, October 18 (IANS). The Indian stock market opened on the red mark on the last day of this trading week. Selling is being seen in IT, Auto, Pharma and PSU bank sectors in early trade.
BSE Sensex is trading at 80,752.18, slipping 254.43 points or 0.31 per cent. At the same time, NSE’s Nifty is starting trading at 24,675.30 after falling 74.55 points or 0.3 percent.
The market trend remains negative. On the National Stock Exchange (NSE), 283 shares are trading in the green, while 1941 shares are trading in the red. At the same time, on Bombay Stock Exchange (BSE), 588 shares are trading in green and 2166 shares are trading in red.
Nifty Bank is at 51,055.00 after falling 233.80 points or 0.46 per cent. Nifty Midcap 100 index is trading at 57,636.95 level after falling 829 points or 1.42 per cent. At the same time, Nifty Smallcap 100 index is at 18,673.75 after falling by 392.20 points or 2.06 percent.
Wipro, Tata Motors, Axis Bank, TCS were the top gainers in the Sensex pack. Whereas Infosys, Maruti Suzuki, Nestle were the top losers.
Wipro, Axis Bank, TCS were top gainers in Nifty pack. Whereas, Bajaj Auto, Titan Company, Infosys, Maruti Suzuki and Shri Ram Finance were the top losers.
Talking about Asian markets, except Seoul, the markets of Bangkok, Shanghai, Hong Kong, Jakarta and Tokyo were trading in the green. At the same time, the American stock markets closed on the green mark on the previous trading day.
According to market experts, “Last week, the market began an attempt at recovery after a sharp decline of more than 1,500 points in early October.
However, bulls failed to maintain momentum, and bears took control, sending prices back to last week’s lows. Currently, the market is at a critical “make or break” point on the daily charts.”
–IANS
SKT/AS
