Today, on the fourth trading day of the week i.e. Thursday, the stock market opened on the red mark. After this, there is a strong decline in the market as soon as it opens. The stock market is selling on the day of monthly expiry. At 10.11 am, the Bombay Stock Exchange’s flagship index Sensex was down 386.89 points (0.79 per cent) to trade at 48793.42. The Nifty of the National Stock Exchange was down 99.25 points, or 0.69 per cent, at 14,450.15.
9.28 am- The Sensex was down 370.57 points (0.75 per cent) to 48809.74 and the Nifty was down by 116.50 points to trade at 14432.90.
9.15 am- The Sensex was down 57.07 points (0.12 per cent) to open at 49,123.24 in early trade. The Nifty opened at 14,518.55, down 30.85 points, or 0.21 per cent. In early trading today, 518 shares gained, 1060 shares declined. At the same time there was no change in 65 shares.
Global market fluctuations
Talking about global markets, the Nasdaq index fell 265 points, or 2 per cent, to close at 12,961 points. The Dow Jones index closed down three points at 32,420. The S&P 500 index also dropped 21 points to 3,889 points. Hong Kong’s Hengseng index slipped 52 points to 27,866. China’s Shanghai Composite Flat is trading at 3,366. Japan’s Nikkei index is up 210 points at 28,616. Korea’s Cospi Index and Australia’s All Ordinaries also have modest gains.
Corona increased investors’ concern
Investors are concerned by the rising corona virus epidemic data in the country. Corona cases are increasing rapidly in Maharashtra, Punjab, Karnataka, Kerala, Madhya Pradesh, Chhattisgarh and Gujarat. These states account for 77.44 percent of new infections. Several states have begun to take stern measures amid the ever increasing cases of corona virus.Foreign institutional investors (FIIs) sold shares worth Rs 1,951.90 crore on Wednesday on a gross basis, according to provisional data from the stock market. Meanwhile, global oil benchmark Brent crude was down 1.41 percent at $ 63.50 a barrel.
State of heavy stock
Talking about the big stocks, shares of Asian Paints, ONGC, UPL, Tata Steel and Adhani Ports opened on the green mark during initial trading today. The shares of Tata Motors, HCL Tech, Bajaj Auto, Bharti Airtel and Kotak Mahindra Bank opened on the red mark.
Sectoral index tracking
If we look at the sectoral index, today all the sectors other than Pharma and FMCG started on the decline. These include metal, IT, realty, media, banks, finance services, auto, PSU banks and private banks.
This was the condition of the stock market during the pre-open
The Sensex was down 36.58 points (0.07 per cent) at 49143.73 at 9.03 am during the pre-open. The Nifty was down 4.40 points (0.03 per cent) at 14545.00.
The market was open on the red mark on the last trading day
The Sensex opened with a loss of 302.03 points (0.60 per cent) at 49,749.41 on the previous trading day and the Nifty opened 87.30 points, or 0.59 per cent, at 14,727.50. After this, the Sensex was trading at 49,477.15 and the Nifty at 14,648.75 at 2.32 pm.
The stock market closed on Tuesday with an increase
On Wednesday, the Sensex-Nifty closed at the red mark. The Sensex was down 871.13 points, or 1.74 per cent, at 49180.31. The Nifty closed at 14549.40, down 265.35 points, or 1.79 per cent.