Market resumes downward march, most sectors in red
Share market fell sharply with BSE Sensex closing about 850 points down from the day’s high and NSE Nifty ending below the 23,650 mark.Both indices slipped over 1 per cent from their intraday highs
Share market fell sharply with BSE Sensex closing about 850 points down from the day’s high and NSE Nifty ending below the 23,650 mark.Both indices slipped over 1 per cent from their intraday highs
Sensex and Nifty faced their first weekly decline after four weeks of gains on Friday. The Sensex dropped to a low of 72,485 while the NSE Nifty 50 dipped to a low of 21,932.
range bound movement of the market is likely to be broken with an upward move soon, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Earlier, the Nifty opened deep in the red at 16,924.45 points and slumped to a low of 16,917.25 points in the morning trade. The Nifty rose to a high of 17,092.25 points in the intra-day.
On Monday, Sensex settled at 56,580 points, down 1.1 per cent, whereas Nifty was at 16,985 points, down 1.1 per cent.
Ruchi Soya Industries issued FPO thee days back.an FPO is a follow on issuance of shares after the initial IPO.…
At around 10.30 a.m., S&P BSE Sensex traded at 60,142.17 points, higher by 93.70 points or 0.16 percent from its previous close. Similarly, NSE Nifty50 edged higher.
Selling pressure was witnessed in banking stocks. Fall in the index-heavyweights HDFC Bank and Infosys weighed on the indices.
Sensex gainers were - Reliance Industries skyrocketing nearly 3% followed by L&T surging 1.5%. Stocks like Bajaj Finserv, Bajaj Auto, M&M, and Bajaj Finance climbed more than 1% each.
The top gainers on the Sensex were ONGC, Maruti Suzuki India, and Titan Company, while the major losers were Hindustan Unilever, HCL Technologies, and UltraTech Cement.
