new Delhi. Domestic stock markets are witnessing ups and downs in early trade on Wednesday. The 30-share BSE index opened with a gain of 176 points on Wednesday. However, it soon saw a decline due to pressure from profit booking. Sensex was trading at a level of 47,564.72, a drop of 48.36 points, or 0.10 per cent, at 09:42 am. Sensex closed at the level of 47,613.08 points in the previous session. At the same time, at 09:48 am, NSE Nifty was trading at 13,930.05 points, down 2.55 points or 0.02 percent.
Tech Mahindra shares were seeing the highest gain of 0.99 percent on Sensex. At the same time, shares of HCL Tech, Kotak Mahindra Bank, Bajaj Finance, ONGC, TCS, Nestle India, HDFC Bank, Mahindra & Mahindra, Maruti, Hindustan Unilever Limited, Asian Paint and Ultratech Cement were trading with a green mark.
At the same time, by 09:42 in the morning, IndusInd Bank shares were seeing the biggest decline on Sensex. On the other hand, shares of SBI, Axis Bank, Larsen & Toubro, HDFC, Bharti Airtel, Reliance, Titan, ICICI Bank, Bajaj Finjarv, ITC, Powergrid, Bajaj Auto, Doc Reddy’s, Infosys and NTPC were seen in the red mark.
Foreign institutional investors bought shares worth Rs 2,349.53 crore on a net basis on Tuesday, according to provisional data from the stock exchanges and remained net buyers on a net basis.
On the other hand, the S&P 500 saw a decline of 0.2 percent the day after President Donald Trump signed the $ 900 billion economic stimulus package. At the same time, the Nikki 225 of Japan saw a decline of 0.6 percent. The day before, Nikki reached a record high of 30 years with a gain of more than two percent.
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