The decline of global markets today saw pressure on domestic level in early trade, but after the day-long fluctuations, the stock market closed on the green mark on the second trading day of the week i.e. Tuesday. The Bombay Stock Exchange’s flagship index Sensex gained 0.94 percent to close at 40522.10, up 376.60 points. At the same time, the National Stock Exchange’s Nifty gained 1.03 percent (121.65 points) to close at 11889.40. According to analysts, further market volatility will continue. Hence investors should be cautious.
Stock market data showed that Foreign Portfolio Investors (FPIs) sold Rs 119.42 crore on a net basis on Monday. On Monday, there was a huge decline in markets across the world. The Dow Jones US market was down 650.19 points at 27,685.40, down 2.29 percent. The Nasdaq was down 188.05 points at 11,504.50, down 1.61 percent. On the other hand, the S&P was down 64.42 points at 3,400.97, down 1.86 percent. The European market also saw heavy selling. The UK fell 1.16 per cent in FTSE, 1.91 per cent in CAC of France and 3.71 per cent in Germany’s DAX index. Talking about Asian markets, it is also down today. Japan’s Nikkei index was trading down by 93 points. The Shanghai Composite of China was also trading down by 0.37 per cent.
Talking about the big stocks, today the shares of Nestle India, Kotak Bank, Asian Paints, Bajaj Finance and Shree Cement closed on the green mark. On the other hand, shares of HDFC, TCS, ONGC, Infosys and Wipro closed at the red mark.
If we look at the sectoral index, today all sectors except IT, Realty and PSU Bank closed on the green mark. These include banks, private banks, pharma, media, FMCG, auto, finance services and metals. Today the Sensex opened 9.59 points (0.02 per cent) above the level of 40155.09 and the Nifty opened at 11778.70 with a slight increase of 10.90 points (0.09 per cent).
The stock market closed on the red mark on the last trading day after day-long fluctuations. Sensex closed down 540 points at 40145.50 level, down 1.33 per cent due to selling pressure in some big stocks like Reliance Industries, ICICI Bank and Tata Steel. The Nifty was down 1.36 percent (162.60 points) to close at 11767.75.