Share Market: Sensex-Nifty open at record high, Vodafone-Idea shares fall big, this is the reason
Tremendous rally continues in the stock market, opening at record high.
Mumbai:
Share Market Updates : Due to the signs of economic reforms, there is a tremendous rally in the domestic stock markets. On Thursday i.e. August 5, 2021, both the benchmark indices have opened once again making a new record. While the Sensex opened above 54,400 points, the Nifty also remained above 16,200. However, there has been a flat opening in Nifty. Vodafone Idea shares have fallen to the lowest level of 52 weeks as soon as the market opened today.
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In fact, the company’s non-executive chairman Kumar Mangalam Birla has resigned from his post on Wednesday. After this the company’s shares are declining. In the opening, the company’s shares had fallen by Rs 0.90 or 14.93 per cent to Rs 5.13 per share. At 9.58 in the morning, it was registering a decline of 21.67% per cent and the price of the shares was being recorded at Rs 4.70.
If we look at the business during 9.54 in the morning, then the Sensex was at the level of 54,435.93. In this, an increase of 66.16 points i.e. 0.12% was being recorded. At the same time, during this time Nifty was registering a gain of 12.95 points or 0.080% and the index was trading at the level of 16,271.75.
If we look at the opening, then the Sensex opened today at the level of 54,437.91 with a jump of 68.14 points i.e. 0.13%. At the same time, Nifty reached the level of 16,272.60 with a gain of 13.80 points i.e. 0.08%. After the market opened, 1245 shares were increasing, while 784 shares had fallen.
Based on 30 shares, 18 shares were open in the green on the BSE. Bharti Airtel, Asian Paints, Nestle India, Tech Mahindra and Ultratech Cement were the biggest gainers in the early trade. On the other hand, SBI, HCL Tech, Bajaj Finance and ITC were in decline.