Share Market: After two days of decline, the market improved today, the rise in IT stocks filled the Nifty
On Tuesday, September 21, 2021, amidst weakness in the Asian markets, there has been an improvement in the domestic stock markets. After two days of decline, both the benchmark indices have shown improvement in the opening today. However, after the initial trading, the market started declining. Rise in IT and FMCG stocks Sensex registered a rise of nearly 300 points today. At the same time, Nifty had reached above its psychological level 17,450 in the opening. Shares of TCS, Infosys, HCL Tech, Hindustan Unilever, ITC and Tech Mahindra rose today.
At 10.13 in the morning, the Sensex was recording a fall of 84.73 points i.e. 0.14% and the index was at the level of 58,406.20. At the same time, the Nifty had lost 21.65 points or 0.12% and the index was at 17,375.25.
The Sensex opened at 58,769.91 with a jump of 278.98 points i.e. 0.48% in the opening. At the same time, Nifty opened at 17,470.70 with a gain of 73.80 points or 0.42%. Realty index on Nifty was seeing a rise of 2 percent. IT, FMCG, metal and pharma indices also gained 0.3 to 0.8 per cent. There was a fall in the auto and healthcare indices. ONGC saw the highest – 4 per cent – rise. Shares of Coal India, HCL Tech, NTPC, JSW Steel, Hindustan Unilever, Asian Paints, Grasim, Eicher Motors, Reliance and L&T also rose.
The Asian market has registered a decline today amid fears of bankruptcy of Chinese real estate company Evergrande. Japan’s Nikkei index was down 2 per cent in the morning. MSCI’s index fell 0.2 percent.
If we talk about yesterday’s session, in yesterday’s closing, the Sensex fell by 525 points on Monday while the NSE Nifty closed below 17,400. Selling pressure was seen globally in view of the possibility of reducing stimulus measures at the meeting of the US central bank Federal Reserve to be held this week. According to traders, the sentiment further weakened due to the fall in the rupee’s exchange rate against the US dollar. In addition, global commodity prices were adversely affected by the crisis faced by Evergrande, a leading real estate company in China and its impact on the world’s second-largest economy.
At the same time, investors’ wealth decreased by Rs 5,31,261.2 crore due to a two-day fall in the stock market amid a weak trend globally. The market capitalization of companies listed on BSE declined by Rs 5,31,261.2 crore to Rs 2,55,47,093.92 crore.