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Stock Market Opening: Flat opening of stock market, FMCG and IT sector shares shine

by Aaryan Srivastav
September 11, 2024
;

Business News Desk, The impact of global markets is being seen on the domestic stock market. At the beginning of the stock market, a decline is being seen in Bank Nifty and sectoral indices like Auto, PSU Bank are also trading with weakness. The IT index is seeing a rise on the strength of the rise in IT stocks and although the FMCG index opened with a decline, within 5 minutes this FMCG sector has seen a rise of more than half a percent.

Unique trade scenario in stock market
When the market opened in the morning, Bank Nifty was in decline but within 15 minutes of opening, it has returned to the bullish phase. In the FMCG sector, Britannia is in a bullish trend but ITC has almost reached its all-time high. At 9.30 am, the Sensex is trading at 81,773.78 and Nifty at 24,995.65 in the stock market.

How was the market opening today
BSE’s Sensex is showing a completely flat opening and has opened at 81,928 with a nominal rise of 6.83 points. NSE’s Nifty, however, has opened with a slight fall and has opened at 25,034 with a fall of 7.10 points. At the time of opening in Nifty, 1296 stocks are seeing a rise and 346 stocks are seeing a fall.

Nifty falling stocks update
ONGC is trading at lower levels after the fall in crude oil. Tata Motors is also showing a decline and today FMCG is clearly giving impetus to the market and the IT index is supporting it.

At what level did the stock market close yesterday
On Tuesday, the BSE Sensex closed at 81,921.29 with a gain of 361.75 points or 0.44 percent. Apart from this, Nifty50 closed at 25,041.10 after a gain of 104.70 points or 0.42 percent.

Crude oil prices have improved after yesterday’s fall
Crude oil prices have now stabilized after falling to a three-year low. After falling more than 3 percent on Tuesday, Brent crude futures rose 0.52 percent to $ 69.55 per barrel. US West Texas Intermediate (WIT) crude rose 0.61 percent to $ 66.15 per barrel.

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