Stock Market Today: Despite the rise, the stock market went into the red, Sensex opened with a gain of 102.63 points.
Mumbai. Under pressure from IT companies, domestic stock markets witnessed a decline in early trading on Wednesday. BSE’s 30-share sensitive index Sensex opened with a gain of 102.63 points at 83,553.59 points, but later went into the red.
Sensex and Nifty declined in early trade on Wednesday. BSE Sensex fell 247.92 points or 0.30 per cent to 83,203.04 in early trade while NSE Nifty slipped 70.25 points or 0.27 per cent to 25,655.15. Among the 30 Sensex companies, shares of Infosys, Tech Mahindra, Adani Ports, HCL Technologies, Tata Consultancy Services, Eternal, Maruti Suzuki India, Asian Paints, Trent, HDFC Bank, IndiGo, Kotak Mahindra Bank and ICICI Bank were among the losers.
On the other hand, shares of ITC, Tata Steel, Bajaj Finserv, Bharat Electronics Limited, State Bank of India, UltraTech Cement, Sun Pharmaceutical and Bajaj Finance remained on the rise. In Asian markets, Japan’s Nikkei 225 gained more than one percent. Markets in China, Hong Kong and South Korea were closed for Lunar New Year holidays.
American stock markets closed with gains on Tuesday. The price of international standard Brent crude stood at $ 67.59 per barrel with an increase of 0.22 percent. According to stock market data, foreign institutional investors (FIIs) were buying on Tuesday and bought shares worth Rs 995.21 crore. On the other hand, domestic institutional investors bought shares worth Rs 187.04 crore.
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