Share Market today: Flat trading in the stock market, focus on Reliance, ICICI; Axis, Tata, L&T to release results
Stock Market Updates : The domestic stock market is witnessing sluggishness on Monday. There was a negative trend in the pre-opening from the global markets today, after which the markets opened with a fall. However, after this the benchmark index increased, but due to volatility, flat trading was seen in the market in the early trade. This week the results of big companies and the meeting of US Federal Bank will be monitored.
If we talk about 10.28 in the morning, then the Sensex was trading at the level of 52,995.08. The index had registered a gain of 19.28 points. At the same time, Nifty was trading at a level of 15,865.95, up 9.90 points or 0.062%.
With the opening today, the Sensex opened at the level of 52,804.88 with a fall of 170.92 points ie 0.32%. At the same time, Nifty opened at the level of 15811.30 with a fall of 44.70 points or 0.28%. With the opening of the market, 1240 shares rose and 676 declined.
If we talk about the popular stocks today, the focus is on Reliance Industries and ITC and ICICI. Reliance on Friday reported a profit of Rs 12,273 crore for the June quarter, down 7.5 per cent over the same quarter last year. However, today the company’s shares have gained 1 percent. ITC has also increased by one percent. At the same time, there has been weakness in ICICI shares.
Some big companies including Axis Bank, Kotak Mahindra Bank, L&T are about to release their quarterly results today, so investors are eyeing them too. SBI, HDFC Bank shares declined.
Asian markets also saw a decline today. SGX Nifty was open in the red mark. Japan’s Nikkei had gained 1.6 per cent, but it is still at its lowest level in seven months. Not much change has been recorded in Cospi either.