Today, on the second trading day of the week i.e. Tuesday, the domestic stock market started on a decline due to weak global cues. Bombay Stock Exchange’s major index Sensex opened down 183.10 points (0.38 per cent) at 47,993.70 level. At the same time, the Nifty of the National Stock Exchange opened down 0.40 percent (56.90 points) at 14,076 level. The BSE Sensex had gained 895.44 points, or 1.90 per cent, in the previous week.
Today 581 shares gained and 1022 shares declined. There was no change in 56 stocks. According to analysts, the market will continue to fluctuate further. Hence investors should be cautious.
The domestic market is registering a decline due to heavy selling in the US markets. Talking about Asian markets, Hong Kong’s Hangseng index is trading at 27,447, down 25.81 points. Japan’s Nikkei index is trading down eight points at 27,250. China’s Shanghai Composite Index is also trading down by five points at 3,497.
Talking about the big stocks, during the initial trading today, shares of all companies except Tech Mahindra, HCL Tech, HDFC, TCS and Sun Pharma opened on the red mark. These include Reliance, Maruti, Ultratech Cement, Bajaj Finserv, M&M, Bajaj Auto, ICICI Bank, HDFC Bank, IndusInd Bank, Axis Bank, ONGC, ITC, Kotak Mahindra Bank, SBI, etc.
During the pre-open at 9.01 am, the Sensex was down by 155.16 points, or 0.32 per cent, at 48021.64. The Nifty was down 39.30 points, or 0.28 per cent, at 14093.60.