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Share Market: Record rally in the stock market stopped, Nifty opened below 16,550, loss in banking stocks

Share Market: Record rally in the stock market stopped, Nifty opened below 16,550, loss in banking stocks

Opening with a fall in the stock market, banking shares in loss.


On Tuesday, August 17, 2021, the growth in the domestic stock markets seems to be stopping. The benchmark indices, which closed at a record high yesterday, have opened with a fall today. Sensex-Nifty opened in red mark amid decline in banking, financial, auto and metal stocks and mixed signals in Asian markets. In the opening, the Sensex fell 119.91 points or 0.22% to reach the level of 55,462.67. At the same time, Nifty also fell 37.80 points or 0.23% to 16,525.20.

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After the opening, flat trading was seen in the market in the initial trade. At 10.05 in the morning, the Sensex was trading at the level of 55,549.12 with a fall of 33.46 points i.e. 0.060%. At the same time, Nifty was at the level of 16,556.15 with a fall of 6.90 points i.e. 0.042%.

After the opening of the market, about 897 shares have risen. 782 shares have fallen. HDFC Bank, ICICI Bank, HDFC, Axis Bank, Infosys and Maruti Suzuki were the biggest losers on the Sensex.

If we talk about Asian markets, then there was a negative trend. Hong Kong’s Hong Seng Index declined 0.64 per cent. Shanghai’s index fell 0.5 per cent and Taiwan’s index declined 0.3 per cent.

If we look at yesterday’s closing, the Sensex rose 145 points to its new high on Monday due to strong buying in shares of Reliance Industries, HDFC Bank, HDFC, besides IT and pharma companies. The Sensex closed at its all-time high of 55,582.58 points with a gain of 145.29 points or 0.26 per cent in volatile trade. It also touched its all-time high of 55,680.75 points during trading. Nifty closed at its new record level of 16,563.05 points with a gain of 33.95 points or 0.21 percent in the closing. During the day’s trading, it reached its all-time high of 16,589.40 points.

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