Stock market opened with decline, Sensex fell 422; Know the condition of Nifty
Stock Market, Share Market Opening Bell: The stock market opened with a decline on Thursday amid the continued withdrawal of foreign funds and weak global market trends. Let's know the detailed condition of the market.
The stock market opened with a decline on Wednesday, the third day of the trading week. In early trade, the Sensex fell 236.42 points to reach the level of 77,962.69. At the same time, the Nifty is trading 62.45 points down at 23,645.45.
The reason for this decline is attributed to the continued withdrawal of foreign funds and weak global market trends. The BSE's 30-share benchmark Sensex fell 236.42 points to 77,962.69 in early trade. The NSE Nifty fell 62.45 points to 23,645.45. Apart from this, technology company TCS will also announce its quarterly results on Thursday, before which investors have become cautious.
The 30-share BSE Sensex fell by 236.42 points to 77,962.69 in early trade. NSE Nifty went down by 62.45 points to 23,645.45. Among the 30-share pack of the Sensex, the major losers were Zomato, Adani Ports, Titan, Tata Motors, Tech Mahindra, HDFC Bank, IndusInd Bank, and Hindustan Unilever Limited.
At the same time, the top gainers were Reliance Industries, Axis Bank, Maruti, and ICICI Bank. Data showed that on Tuesday, FIIs sold shares worth Rs 1,491.46 crore. IN Asian markets, South Korea's Kospi was in green while Japan's Nikkei, China's Shanghai Composite and Hong Kong's Hang Seng were following losses. US market closed on a negative note on Monday. International benchmark Brent crude rose 0.38 percent to $77.34 per barrel.
The rupee fell nine paise to a fresh low of 85.83 against the US dollar in early trade on Wednesday. The rupee extended losses for the fourth consecutive session as the US currency strengthened and crude oil prices remained elevated, even after the government pared the country's economic growth forecast.
