share market falls sluggish global cues sensex slips
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Share Market Opening: Indian stock market had a sluggish start on the second trading day of the week amidst sluggish signals from the global market. Both Sensex and Nifty fell in pre-opening. After this, at 9.20 am the Sensex was trading 0.21 percent or 154.40 points down at 72,553.76. Whereas, Nifty was trading at 22,069.45, falling 0.24 percent or 52.80 points. However, before the market opened, experts were predicting profit booking in the market today. Today, shares of 20 out of 30 companies on Sensex are trading with red mark. Whereas, marginal profits are being seen in 10 companies. Shares of Power Grid, Kotak Mahindra, Ultra Tech Cement, Titan and Asian Paint are among the top gainers on Sensex. Whereas, Mahindra & Mahindra. Shares of Bajaj Finserv, ICICI and Maruti have been included in the category of top losers.
Read Also: Penny Stock: Company with share price of Rs 20 got contract worth crores from Mahindra, shares hit upper circuit
What is the condition of the sectors?
Amidst the decline in the market, red marks are being seen in most of the sectors. Nifty Auto fell 0.57 percent or 116.40 points to reach 20,365.20. At the same time, decline is being seen in many sectors including Nifty Bank, Nifty Financial Services, Nifty FMCG, Nifty IT. However, Nifty Media, Metal, and Reality sectors are seeing growth. At the same time, FFCG and Pharma index are seen trading flat in the beginning of the market.
how was the market yesterday
The market had closed with a rise on the first day of the week. The market witnessed sharp gains in the shares of companies making financial and daily use goods. The Sensex based on 30 shares closed at 72,708.16 points with a gain of 281.52 points or 0.39 percent. After a strong start, the Sensex had once reached a high of 72,881.93 points. Of the Sensex stocks, 17 were in profit while 13 were in loss. National Stock Exchange’s Nifty, based on fifty shares, also reached its highest ever level of 22,122.25 points with an increase of 81.55 points or 0.37 percent. This record had reached 22,186.65 points during brisk trading in bank, pharmaceutical and petroleum shares. 27 Nifty stocks were in profit, while 23 were in decline. For the fifth consecutive trading session, the market capitalization of BSE listed companies rapidly reached Rs 391.69 lakh crore. Due to this, investors’ wealth increased by Rs 2.20 lakh crore.
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