Share Market Opening Bell: Stock market opened on red mark, Sensex fell by 242 points, know the condition of Nifty
New Delhi| After seven days of rise and weakness in Asian markets, profit booking was seen in the Indian market. In early trade on Thursday, major stock market indices Sensex and Nifty were seen trading in the red.
The 30-share BSE Sensex fell 242.01 points to 79,874.48 in early trade. Whereas NSE Nifty fell by 72.3 points to 24,256.65 points.
The BSE benchmark index rose 6,269.34 points or 8.48 per cent and the Nifty jumped 1,929.8 points or 8.61 per cent in the last seven trading days.
Among Sensex companies, Eternal, Bharti Airtel, ICICI Bank, Mahindra & Mahindra, HCL Technologies, Reliance Industries and HDFC Bank lagged behind. IndusInd Bank, Tech Mahindra, Nestle, Bajaj Finance, Axis Bank and Tata Motors were among the gainers.
In Asian markets, South Korea’s Kospi index, Shanghai SSE Composite and Hong Kong’s Hang Seng were trading on the decline, while Tokyo’s Nikkei 225 was trading in positive territory.
There was a rise in American markets on Wednesday. The Nasdaq Composite gained 2.50 percent, the S&P 500 gained 1.67 percent, and the Dow Jones Industrial Average gained 1.07 percent. Brent crude, the global oil standard, rose 0.12 percent to $66.20 a barrel.
Foreign institutional investors (FIIs) bought equities worth Rs 3,332.93 crore on Wednesday, according to exchange data.
On Wednesday, BSE’s index jumped 520.90 points, or 0.65 percent, to close at 80,116.49 points. This is the highest closed level since December 18. Nifty closed at 24,328.95 points, up 161.70 points or 0.67 percent.
