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Share Markets Updates: Sensex-Nifty in the red mark amid volatility, metal stocks rise

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Share Markets Updates: Sensex-Nifty in the red mark amid volatility, metal stocks rise

Trading in red mark after flat opening in stock markets today. (symbolic picture)

Mumbai:

Share Markets Today : The domestic stock markets opened with a fall on Monday, February 7, 2022. Both the benchmark indices recorded flat trading amid volatility in early trade. Sensex opened above 58,500 amid mixed global cues. At the same time, Nifty came below 17,500. At 09:15 in the morning, the Sensex was at the level of 58,552.91 with a fall of 91.91 points or 0.16%. At the same time, Nifty was down at the level of 17,490.80 points, down by 25.50 points or 0.15%. After this there was a further decline in the market.

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At 10.01 am, the Sensex had fallen 360.52 points or 0.61% to reach the level of 58,284.30. At the same time, Nifty was at the level of 17,397.35, down by 118.95 points or 0.68%.

The metal index had gained 1 per cent on the BSE. At the same time, across the index, the biggest gain was in the shares of PowerGrid, Tata Steel and Tech Mahindra. Infosys, M&M and HDFC Bank were among the losers in the fall.

On the NSE, Tata Steel, ONGC, Power Grid and JSWSteel were the top gainers. On the other hand, Kotak, Infosys, HDFC and SBI were on the decline.

If we talk about the last trading session, then on Friday, due to losses in banking and energy stocks amid mixed global trends, the Sensex closed down more than 140 points. Major stock indices fell for the second day in a row on expectations of a tightening policy stance by central banks of various countries and continued selling by foreign funds. Traders said that the rupee’s strength helped to stem the fall in the stock markets, but investors are worried due to continuous withdrawal of foreign funds.

At the end of trading, the Sensex closed at 58,644.82, down 143.20 points or 0.24 percent. At the same time, Nifty lost 43.90 points or 0.25 percent to close at 17,516.30.

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