Flat movement of stock market: The two-day closing stock market today started the day trading with a green mark. The 30-share BSE Sensitive Index Sensex opened 200 points higher at 51,903.
- The National Stock Exchange Nifty opened at 15,238.70 today. In early trade itself, the Sensex was trading at a level of 51,763.71 with a gain of just 59.88 points . The Nifty was at 15,203 level. In the Sensex, ONGC is trading at the highest level by around 6 percent, while in the Nifty, it remains in the top gainer.
ONGC was the biggest gainer in the Sensex at three per cent. Apart from this, Tech Mahindra, SBI, Infosys, HCL Tech and Asian Paints were also trading in the lead. On the other hand M&M, ICICI Bank, Bajaj Finance and Kotak Bank were in red mark.
The Sensex lost 400.34 points or 0.77 percent to close at 51,703.83 in the previous session. The broader NSE Nifty was down 104.55 points, or 0.68 percent, to end at 15,208.90. Foreign institutional investors were net buyers in the capital market and they bought shares worth Rs 1,008.20 crore on a gross basis in the previous trading session. Meanwhile, global oil benchmark Brent crude rose 1.24 percent to US $ 65.14 a barrel.
Wednesday’s situation: Sensex breaks 400 points due to selling pressure
The stock market fell for the second consecutive day on Wednesday due to selling pressure. The BSE Sensex fell 400 points to close at 51,703.83 points, with investors avoiding risk-taking amid a weak trend globally. Similarly, the National Stock Exchange’s Nifty lost 104.55 points, or 0.68 percent, to close at 15,208.90. Despite the fall in the market, investor interest in public sector banks continued.