new Delhi. On Tuesday, there were tremendous fluctuations in the opening trade on the domestic stock markets. Sensex, a 30-share sensitive index of the BSE, opened marginally lower on Tuesday, but after that it saw tremendous gains and in early trade, it gained 384.44 points to 45,938.40 points. However, Sensex soon saw a decline due to profit-booking pressure. At 09:42 am Sensex was trading at 45,239.99, down 313.97 points, or 0.69 per cent. Similarly, NSE Nifty was trading at the level of 13,231.40 points with a fall of 97 points i.e. 0.73 per cent at 09:52 am.
At 09:42 am, Bajaj Finance shares lost the most by 2.97 percent on Sensex. Apart from this, shares of ONGC, Reliance Industries, Mahindra & Mahindra, IndusInd Bank and ITC also lost over two per cent. Apart from these, Bajaj Finserv, SBI, Doctor Reddy’s, Sun Pharma, Larsen & Toubro, Bajaj Auto, Maruti, Titan, Axis Bank, Asian Paint, Nestle India, Ultratech Cement, Kotak Mahindra Bank, Bharti Airtel, ICICI Bank, Hindustan Unilever Limited and Tech Mahindra shares were in the red mark. On the other hand, shares of HCL Tech, PowerGrid, TCS, HDFC, Infosys, NTPC and HDFC Bank were in green mark.
In the previous session, Sensex had fallen by 1,406.73 points, or 3 percent, to close at the level of 45,553.96. This was the biggest drop since May 4 this year. NSE Nifty also lost 432.15 points, or 3.14 per cent, to close at the level of 13,328.40.
Foreign portfolio investors (FPIs) sold on a net basis on Monday as they sold shares worth Rs 323.55 crore on a net basis, as per provisional data from the stock market.
According to a news agency report, Binod Modi, head (strategy) at Reliance Securities, said that despite weak global cues, the domestic stock markets appear to be in a strong position.
He said that the huge selling in the domestic market on Monday was not surprising as the Nifty had seen a rise of over 16 per cent in the last two months and outpaced many global markets.
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