Share Markets: Opening with a fall in the stock markets today.
Mumbai:
The stock markets registered a fall on Thursday. The benchmark index remained in the red mark in the opening today, putting the brakes on the three-day rise in the market. Flat opening was seen in Nifty. Weak cues also came from global markets. After the opening, the BSE Sensex fell by more than 170 points and the index was at the level of 59,380. At the same time, NSE Nifty was also trading above 17,700 with a slight fall. At 10 in the morning, the Sensex was recording a fall of 214.92 points or 0.36% and the index had come down to the level of 59,343.41. At the same time, if we look at the Nifty, it was at the level of 17,725.65 and was recording a decline of 54.35 points or 0.31%.
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Auto stocks recorded the highest rise on BSE today. At the same time, IT stocks were the biggest losers. Midcap stocks also appeared under pressure, while smallcap stocks were on a slight edge. Auto stocks remained on the rise on NSE as well and IT stocks fell.
Asian stocks were on a decline today. Japan’s Nikkei fell 1.11 percent. At the same time, the Shanghai Composite Index fell 0.97 percent.
If we talk about the previous closing, then the enthusiasm of the budget was also shown in the domestic stock markets on Wednesday and the Sensex jumped about 696 points and again crossed the level of 59,500 points. Heavy buying in shares of banks and financial companies strengthened the Sensex. Apart from this, favorable global cues also gave rise to the market. Till closing, the Sensex closed at 59,558.33 points, up 695.76 points or 1.18 percent. Nifty also closed at 17,780.00 with a gain of 203.15 points or 1.16 percent.