Share Market Today: On Monday, the domestic stock market recorded a sharp decline during trading. The Bombay Stock Exchange (BSE) Sensitive Index Sensex reached a high of 50180.98 with a sharp fall of 708.78 points at 11:56 am. At the same time, the National Stock Exchange (NSE) index Nifty was trading at 14798.45 with a fall of 183.30 points.
Let us know that there is a continuous sluggishness in the stock market amid weak global signals. Benchmark indices opened slightly on Monday in the opening, but the Sensex has taken a big nose. The last business week saw a significant decline. The BSE benchmark Sensex lost 654.54 points or 1.26 percent in the previous week.
At 09:16 in the morning, Sensex was trading up 20.80 points i.e. 0.04% at 50,910.56, while Nifty saw a rise of 2 points i.e. 0.01%, with the index opening at 14,983.80. After the opening, there was a spurt in about 996 stocks, while 409 shares declined. No change was recorded in 92 shares. In the opening, 20 stocks of 30-share Sensex opened in green mark.
On this week’s trading direction, analysts say that the stock market will follow global trends in the absence of any major domestic events this week and it is expected that the market movement will be limited in this period. Analysts said that due to the cutting of monthly derivatives deals, there may be ups and downs.
Nirali Shah, head of equity research company Samco Securities, said markets are expected to remain sluggish and limited. He said that investors should trade in the major indices carefully and keep in mind any developments in the global markets. After the general budget, there was a boom in the market, but the profit recovery dominated last week. Analysts also said that the rally in Brent crude, the rupee move and the trend of foreign institutional investors will affect the market sentiment.
(With input from language)