New Delhi, 10 February : Amid global pressure, the domestic stock market is under constant pressure. Due to the tussle between buyers and sellers in the market, there is volatility in the movement of both the Sensex and Nifty indices. But due to high selling pressure, the market is continuously trading in the red mark. After the initial one hour of trading, Sensex was trading with a weakness of 0.33 percent and Nifty by 0.39 percent.
Adani Ports, State Bank of India, Bajaj Finserv, UPL and Bajaj Finance were trading with gains ranging from 1.60 per cent to 0.84 per cent during the first hour of trading. On the other hand, Adani Enterprises, Hindalco Industries, HCL Technology, Tata Steel and JSW Steel saw losses in the range of 2.28 per cent to 1.15 per cent.
In the trading so far, there was active trading in 1,927 shares in the stock market. Out of these, 1,085 stocks were trading in the green mark by earning a profit, while 842 stocks were trading in the red mark by taking losses. Similarly, out of 30 stocks included in the Sensex, 10 stocks remained in the green mark with the support of buying and 20 stocks remained in the red mark due to selling pressure. While out of 50 stocks included in the Nifty, 15 stocks were seen trading in the green mark and 35 stocks in the red mark.
The Bombay Stock Exchange (BSE) Sensex also started trading with a decline today amid weak global cues. This index lost 99.41 points to open at the level of 60,706.81 points. Due to the tussle between the buyers and sellers in the market since the beginning of the trading, there were continuous ups and downs in the movement of the Sensex.
Shortly before 10 am, due to selling pressure, this index fell by more than 300 points to reach 60,501.74 points. However, due to minor buying after this, some improvement in the position of this index was also seen. The Sensex was trading at a level of 60,606.04 points with a weakness of 200.18 points at 10:15 am after the initial 1-hour trading between continuous buying and selling in the market.
Like the Sensex, the Nifty of the National Stock Exchange (NSE) also started trading with weakness today. The index opened at a level of 17,847.55 points with a fall of 45.90 points. The movement of Nifty also remained volatile since the opening trade, in which selling was seen to dominate. Due to selling pressure, around 10 am, this index broke down by more than 90 points to reach the level of 17,801 points.
After this decline, buying was seen in the market. Nifty also showed marginal improvement in the support of buying. After the initial 1-hour trading between continuous buying and selling in the market, at 10:15 am, this index was trading at a level of 17,823.45 points, down by 70 points.
The domestic stock market also started trading with a decline in the pre-opening session today amid weak global cues. In this session, the BSE Sensex was at the level of 60,610.98 points with a weakness of 195.24 points, or 0.32 percent. At the same time, the Nifty had reached a level of 17,864.70 points with a decline of 28.80 points, or 0.16 percent, in the pre-opening session.
Prior to this, on the previous trading day i.e. Thursday, the Sensex had closed at a level of 60,806.22 points with a gain of 142.43 points or 0.23 percent. At the same time, the Nifty ended Thursday’s trading at 17,893.45 points, up 21.75 points, or 0.12 percent.
