Stock market under pressure, both Sensex, Nifty fall

Stock market under pressure, both Sensex, Nifty fall

New Delhi, (thestates.news) : Even on the last trading day of the week, the domestic stock market seems to be working under pressure conditions. Both Sensex and Nifty indices remained in the red mark due to selling pressure. The domestic stock market started trading under pressure due to negative global sentiments. For some time, both the Sensex and Nifty indices also tried to bounce, but due to selling pressure, both indices started trading down. During the trading till 11 am, the Sensex was trading with a fall of 0.26 percent and the Nifty 0.14 percent.

In the initial trade, 1,878 shares were actively traded in the stock market. Out of these, 1,115 shares were trading in green mark making profit and 763 shares taking loss in red mark. Similarly, out of 30 stocks included in the Sensex, 11 shares were trading in the green mark with the support of buying and 19 shares were trading in the red mark due to selling pressure. Whereas out of 50 stocks included in Nifty, 23 were trading in green mark and 27 shares were trading in red.

In the trade so far, among the stock market heavyweights, Bajaj Finserv, Hindalco Industries, UltraTech Cement, JSW Steel and Bajaj Finance were seen trading with a strength of 3.57 per cent to 1.23 per cent. Hero MotoCorp on the other hand. Divi’s Laboratories, Infosys, BPCL and Dr Reddy’s Laboratories were trading with weakness in the range of 1.90 per cent to 1.23 per cent.

Due to weak global cues, the Bombay Stock Exchange (BSE) Sensex lost 138.14 points to start trading from the level of 60,698.27 points today. As soon as the market opened, the Sensex jumped to 60,989.41 points. But after that all-round selling started, due to which the index started falling sharply. The Sensex was trading at a level of 60,679.37 points with a weakness of 157.04 points at 11 am amid continuous buying and selling in the market.

Unlike the Sensex, the Nifty of the National Stock Exchange (NSE) started trading with a symbolic strength today. Nifty opened with a marginal gain of 0.70 points at 18,053.40 today. As soon as the business started, the index jumped to 18,108 points in the first minute itself. But after that Nifty also continued to fall due to all-round selling. The index was trading at a level of 18,026.60 points with a weakness of 26.10 points at 11 am amid continuous buying and selling in the market.

The stock market started trading with a fall in the pre-opening session today amid weak global cues. In this session, the BSE Sensex was down by 281.26 points, or 0.46 percent, at the level of 60,555.15 points. On the other hand, Nifty was down 54.80 points, or 0.30 percent, at the level of 17,997.90 in the pre-opening session.

Before this, on the last trading day i.e. on Thursday, the Sensex closed at 60,836.41 points with a weakness of 69.68 points or 0.11 percent. On the other hand, the Nifty had ended Thursday’s trading at 18,052.70, down 30.15 points, or 0.17 percent.(HS)