share market
New Delhi:
On the last trading day of the week, the trading started with a slight increase in the market. Sensex was trading up 127 points to 65214 and Nifty up 43 points to 19297. At the same time, 40 stocks in the Nifty 50 saw advances while 10 stocks saw declines. Among the bullish stocks here are shares of JIOFIN, HINDALCO, TATASTEEL, ONGC, BAJAJ-AUTO. Among the stocks that are seeing decline here are NTPC, HDFCLIFE, MARUTI.
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Let us tell you that today GIFT Nifty has started with a slight slowdown. It is above 19400 with a decline of 15 points. US markets have stopped rising for four consecutive days. Although Asian markets got off to a strong start, most markets opened higher.
Notably, a three-day rally in domestic markets ended on Thursday with selling in banking, FMCG and oil and gas stocks amid weaker Asian cues. In volatile trading, the Sensex fell around 256 points, while the Nifty lost almost half a percent.
BSE’s 30-share flagship Sensex closed down 255.84 points, or 0.39 per cent, at 64,831.41 points. In early trade, it strongly touched a high of 65,178.33. But the sell-off in derivatives contracts for the month of August lost all of its gains and closed with a loss.
The Nifty of the National Stock Exchange (NSE) also closed down 93.65 points or 0.48 per cent at 19,253.80.
Among the Sensex stocks, Asian Paints lost the most by 1.33 percent. Apart from IndusInd Bank, Axis Bank, SBI, Bajaj Finance, Nestlé and TCS, Hindustan Unilever, Reliance Industries, Power Grid and Kotak Bank also declined.
On the other hand, Maruti Suzuki registered the highest increase of 2.22 percent. Apart from this, Titan, Ultratech Cement, Tata Steel, Jio Financial Services, Tech Mahindra, Wipro and ICICI Bank also closed higher.