Flat trading in stock markets, under metal pressure.
New Delhi:
Stock Market Updates: On the day of Weekly Expiry on Thursday, the domestic stock market opened with a positive view amid weak global cues, but soon both benchmark indices fell. Flat trading was seen in both BSE Sensex and NSE Nifty around 10:30 am. Today the metal sector has been under pressure since morning. Today, Asian markets are also seen declining.
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In the opening, the Sensex was open at a level of 50,061.76 with a gain of 159.12 points or 0.32%. At the same time, the Nifty opened at the level of 15060.70 with a jump of 30.50 points i.e. 0.20%. In the 30-share Sensex, 21 stocks opened in green.
However, after that both the indices started trading flat with a fall. The Sensex recorded a slight gain of 52.46 points, or 0.11%, at 10.24 am and the index was at 49,955.10. At the same time, the Nifty was at a level of 15,021.50, down 8.65 points, or 0.058% during this period.
If we talk about the last trading session, after the boom of the last three trading sessions, the market fell due to profit booking of investors. The biggest impact of selling was on the stocks of banks and financial companies. According to traders, a weak trend in global markets and a fall in the exchange rate of the rupee against the US dollar also supported the sell-off. The Sensex was down 290.69 points, or 0.58 percent, to end at 49,902.64 points, and the Nifty fell 77.95 points, or 0.52 percent, to close at 15,030.15 points.