Share Market. Market starts weak, Sensex opens with rise of just four points
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Trading in the stock market is seen at flat level on January 16. There is a decline in the market. Sensex traded at 73,331 level with a gain of four points. Nifty is trading with a decline of 17 points. It is trading at the level of 22,080.
Out of 30 Sensex stocks, 17 have seen a decline while 13 are trading in the green. Shares related to IT and banking are also declining. Earlier, on January 15, the stock market had reached its all-time high level. Let us tell you that The markets have declined after rising in the last five trading sessions.
BSE’s 30-share index Sensex fell 226.93 points to 73,101.01 in early trade. Nifty slipped 68.25 points to 22,029.20. The BSE index rose 1,972.72 points or 2.76 per cent in the last five sessions. Nifty jumped 584.45 points or 2.71 percent. Among Sensex companies, shares of HCL Technologies, Wipro, Tech Mahindra, NTPC, Reliance Industries, Infosys, Tata Consultancy Services and HDFC Bank declined on Tuesday. Shares of Tata Motors, Bajaj Finance, Maruti and Asian Paints were among the gainers.
In other Asian markets, Japan’s Nikkei, South Korea’s Kospi, China’s Shanghai Composite and Hong Kong’s Hang Seng were among the losers. US markets were closed on Monday for Martin Luther King Jr. Day. Global oil benchmark Brent crude was trading 0.18 percent higher at $78.29 per barrel. According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 1,085.72 crore on Monday.
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