The domestic stock market has lost its initial gains after opening with gains on Monday. At 10 am, the BSE Sensex was seen trading 104.25 points down at the level of 76589.11. Similarly, the NSE Nifty was also seen trading 17.8 points down at the level of 23272.35 points. Earlier, taking positive signals from the formation of the new government, the domestic stock market opened with gains on Monday (10 June 2024). The index Sensex of the Bombay Stock Exchange i.e. BSE was trading at the level of 77,044.00 with a gain of 350.64 points at 9:16 am. Similarly, the benchmark Nifty of the National Stock Exchange was also trading at the level of 23,400.70, jumping 110.55 points. Nifty Bank also saw a tremendous jump. Nifty Bank was also trading at the level of 50,084.05 with a gain of 280.85 points.
Volatility in early trade
The domestic stock market opened with a rise on Monday but took a sharp dive. At 9:40 am, the BSE Sensex was seen trading 124.1 points down at 76569.26. Similarly, the NSE Nifty was also seen trading 17.8 points down at 23272.35 points. According to provisional data available on the National Stock Exchange (NSE), foreign institutional investors (FIIs) bought shares worth Rs 4,391.02 crore on June 07, 2024, while domestic institutional investors (DIIs) sold shares worth Rs 1,289.75 crore.
There is more movement in these stocks
According to Money Control, Adani Ports, Power Grid Corp, Bajaj Auto, Coal India and Shriram Finance were seen trading with major gains on Nifty, while Tech Mahindra, Infosys, Dr. Reddy’s Labs, LTI Mindtree and Hindalco declined. Barring IT and Metal, all other sectoral indices are in the green. NSE has included Balrampur Chini Mills, SAIL, Zee Entertainment Enterprises in F&O on June 10, 2024.
Crude prices
On Monday morning WTI Crude prices are trading 0.20% higher at $75.53 while Brent Crude prices are trading unchanged at $79.62. With RBI raising India’s GDP growth forecast for FY 24-25 to 7.2%, markets are expected to trade positively.
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