New Delhi: After one day’s rise, the domestic stock market is once again showing a trend of pressure. The market today started trading at a flat level with a slight gain. But due to the creation of selling pressure, it fell victim to a sharp decline in the first half hour of trading. However, after this, the buyers created a strong buying force in the market, due to which both the Sensex and Nifty indices were able to recover to a great extent from the lower levels. After the initial 1 hour of trading, the Sensex was seen trading with a weakness of 0.02 percent and the Nifty with a weakness of 0.11 percent.
In the early trade today, once again there is a declining trend in many companies of the Adani Group. While yesterday there was an uptrend in most of the companies of this group. In the first 1 hour of trading, shares of Divis Laboratories, Bajaj Finance, Bajaj Finserv, Asian Paints and HDFC Life Insurance were seen trading strongly in the range of 1.73 per cent to 0.86 per cent. On the other hand, Adani Enterprises, Adani Ports, Hero MotoCorp, UPL and Tata Motors were trading with losses in the range of 6.08 per cent to 0.85 per cent.
In the trading so far, there was active trading in 1,900 shares in the stock market. Out of these, 923 shares were trading in the green mark after earning a profit, while 977 shares were trading in the red mark after incurring losses. Similarly, out of 30 stocks included in the Sensex, 14 stocks remained in the green mark with the support of buying and 16 stocks remained in the red mark due to selling pressure. Whereas out of 50 stocks included in Nifty, 22 stocks were seen trading in green mark and 28 stocks in red mark.
The Bombay Stock Exchange (BSE) Sensex started trading today with a slight gain amid weak global cues. The index opened at a level of 60,715.89 points with a gain of 52.10 points. As soon as the trading started, heavy selling started in the market, due to which the Sensex fell to 60,472.81 points in the first half hour of trading.
After this fall, the buyers increased the buying power in the market, due to which the index started recovering from the lower levels. The Sensex was trading at a level of 60,653.87 points with a weakness of 9.92 points at 10:15 am after the initial 1-hour trading amid continuous buying and selling in the market.
Like the Sensex, the Nifty of the National Stock Exchange (NSE) also started trading today at a flat level with a slight gain. The index opened at a level of 17,885.50 points with a strength of 13.80 points. The Nifty fell to 17,779.80 points in the first half-hour of trading due to selling pressure in the market in the opening trade itself.
Nifty also got a lot of support due to the buying force after this decline. Due to the buyer in the market, by 10 am, this index again reached 17,887.75 points in the green mark. Nifty was trading at a level of 17,852.45 points with a weakness of 19.25 points at 10:15 am after the initial 1-hour trading between continuous buying and selling in the market.
The domestic stock market started trading with a slight gain in the pre-opening session today amid mixed global cues. In this session, the BSE Sensex was up by 129.48 points, or 0.21 percent, at the level of 60,793.27 points. At the same time, the Nifty had reached the level of 17,884.60 points with a gain of 12.90 points, or 0.07 percent, in the pre-opening session.
Prior to this, on the previous trading day i.e. Wednesday, the Sensex closed at a level of 60,663.79 points with a gain of 377.75 points or 0.63 percent. On the other hand, the Nifty ended Wednesday’s trading at 17,871.70 points, up 150.20 points, or 0.85 percent.
