share market, break the fall in the stock market! Share market opening today nifty above 17100, sensex up 200 pts in pre-open amid mixed global cues
How did the market begin?
After a sharp decline at the beginning of the week, the stock market has seen an uptick in early trade today. BSE’s 30-share index Sensex opened 231.30 points or 0.40 per cent higher at 57,376. Also, NSE’s Nifty managed to open at 17,110 with a gain of 94.60 points or 0.56 per cent.
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What is the state of the market in the pre-open?
Sensex and Nifty were trading in the green before the market opened today. The Sensex was trading at 57,283, up 138 points or 0.24 percent. On the other hand, NSE’s Nifty was trading at 17,138, up 122 points or 0.72 per cent.
Which stocks rose in Sensex?
Apart from HUL, Bajaj Finserv, Infosys, Nestle and Bharti Airtel, Sun Pharma, HCL Tech, Ultratech Cement, Dr Reddy’s Labs, Kotak Mahindra Bank, HDFC, ITC, ICICI Bank, Tech Mahindra, Bajaj Finance, Reliance Industries, TCS, SBI, HDFC Bank, L&T, Titan, SBI, Axis Bank, NTPC, Wipro, IndusInd Bank, Maruti Suzuki, Tata Steel, M&M and Powergrid are trading in the green.
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Which stocks fell in Nifty?
Shares of Hero MotoCorp, Maruti, HDFC, Kotak Mahindra Bank and Divis Labs were among the Nifty losers.
What is the reason behind the market decline?
The Reserve Bank is likely to raise interest rates once again in the proposed bi-monthly monetary policy review on September 28-30 after the US, UK, Sweden and Norway hiked interest rates to curb inflation. Also, pressure on the rupee to fall to an all-time low is reflected in continued selling by foreign institutional investors (FIIs). FIIs withdrew Rs 4361.77 crore from the domestic stock market last week.
