Share Market Opening: Hit by weak global cues, markets tumble; This is the initial trend – share market opening today indices open negative due to weak global cues sensex falls nearly 300 pts, nifty below 17,800
Opening of the market
In the early market on Wednesday, the 30-share index Sensex of the Mumbai Stock Exchange (BSE) fell by nearly 300 points, while the 50-share index of the National Stock Exchange (NSE) Nifty fell below 17,800 points. On the other hand, Sensex and Nifty saw declines in the pre-opening of the market. The Nifty was trading down 70.95 points or 0.40% at 17755.75 while the BSE Sensex was trading 268.65 points or 0.44% at 60404.07.
Shares of Sensex-Nifty
Out of the 30 Sensex stocks, only 3 gained, including Sun Pharma, L&T and HUL. Whereas, out of 50 Nifty stocks, only 10 are gaining and 40 stocks are trading with decline.
Big profit for Mukesh Ambani’s Reliance Industries, market cap increased by thousands of crores
Which stocks rose, which fell
Nestlé, Axis Bank, ITC, M&M, Reliance Industries, ICICI Bank, HDFC, Bharti Airtel, NTPC, Asian Paints, HDFC Bank, Titan, TCS and Kotak Mahindra Bank were the top losers in the morning session on the Sensex.
On the contrary, Nifty’s Tata Consumers, Bajaj Auto, Britannia Industries, Coal India, L&T, DV’s Sun Pharma, Apollo Hospitals, Hindalco, Dr Reddy’s Laboratories, HUL, Hero MotoCorp are showing gains. Thus, today, except for pharma and healthcare, all other indices are falling. The biggest decliners were oil and gas stocks, down about 1 percent. While media and metal stocks are recording a decline of 0.89-0.83 percent.What is upper circuit and lower circuit in stock market? Understand why, when
Selling pressure on ‘Adani’ shares today
Adani Group shares saw mixed trading today. Even today, some shares of Adani Group are bullish while others continue to decline. Adani Enterprises, Adani Green, Adani Transmission, Adani Gas, Adani Wilmer Adani Port saw selling pressure while Ambuja Cement, ACC, NDTV were also trading in red. Shares of Adani Power were seen in green.
