Stock Market Opening: Weak start of the market, Sensex fell below 73,000, Nifty also fell.
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The period of weakness in the Indian stock market continues. The stock market opened with a decline on Tuesday, April 16. Sensex Nifty has opened with a lot of weakness during this period. A fall of Rs 1200 has been seen in the shares. Nifty has also fallen by about 450 points.
Domestic indices continued to fall in early trade on Tuesday amid fears of escalating tensions in West Asia and weak global trends. Forex traders said continued selling by foreign institutional investors (FIIs) and high prices of Brent crude oil also affected investor sentiments. BSE’s 30-share index Sensex fell 585.63 points to 72,814.15.
NSE Nifty slipped 168.65 points to 22,103.85. Among Sensex-listed companies, shares of IndusInd Bank, Infosys, Bajaj Finance, Kotak Mahindra Bank, Bajaj Finserv, NTPC, Tata Consultancy Services and ICICI Bank suffered losses. Shares of Titan Company, Mahindra & Mahindra, Nestle and Maruti were in profit. In Asian markets, Japan’s Nikkei 225, Hong Kong’s Hang Seng, South Korea’s Kospi and China’s Shanghai Composite remained in loss.
US markets closed with a negative trend on Monday. Brent crude futures, the global oil benchmark, were trading 0.58 per cent higher at US$90.62 per barrel. According to stock market data, foreign institutional investors (FIIs) sold shares worth a net Rs 3,268.00 crore on Monday.
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