Stock Market Opening: Today the domestic stock market has started in the red with weakness and the Sensex has fallen by more than 230 points in the opening minutes. Levels near 21600 are also being seen in Nifty. China’s data has come yesterday, after which negative impact is being seen on metal stocks in the Indian market and most of the metal stocks are in decline. There was a strong fall in Nasdaq in the American market yesterday, due to which weakness is dominating the IT stocks in the Indian market today.
How was the market opening
BSE’s 30-share index Sensex fell 59.86 points and opened at the level of 71,832. NSE’s 50-share index Nifty opened at a level of 21,661, up 4.70 points.
Sensex fell by more than 230 points as soon as the market opened
Sensex was trading with a fall of 237 points in the opening minute itself and within five minutes of market opening it fell by 49.15 points to the level of 21,616.
Shares of Sensex and Nifty. Situation
12 out of 30 Sensex stocks are showing a rise and 18 stocks are in decline. Out of 50 Nifty stocks, 16 are rising and 34 are still in decline.
Bank Nifty expiry today
Bank Nifty’s expiry has started on Wednesday and today is the first Wednesday in this series. Because of this, there is no significant movement in bank shares and they are doing mixed business.
Advance-Decline Ratio
If we talk about the rising and falling shares in the market, at the time of opening, 1500 shares are trading with a rise and 600 shares are trading with a fall.
Market movement in pre-open
In pre-opening today, BSE Sensex fell by 58.30 points and was trading at the level of 71834. Whereas NSE’s Nifty was trading at the level of 21664 with a nominal decline of 1.50 points.
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