Mumbai, 29 June. The domestic stock market started with ups and downs on the first trading day of the week. Amid mixed signals from global markets and cautious strategy of investors, there was movement in both BSE Sensex and NSE Nifty in early trading.
BSE Sensex opened at 77,055.21, down 45.26 points compared to the previous trading session. A few minutes after the start of trading, buying returned and the index reached 77,228 points, but this gain could not be sustained for long and later the Sensex again started trading in the red.
Mixed trend in Nifty also
Like Sensex, NSE Nifty also saw ups and downs during early trading. Investors are keeping an eye on global economic signals, activities of foreign investors and buying and selling in major stocks.
Which sectors were monitored?
In early trade, shares of banking, IT, auto and metal sectors witnessed a mixed trend. Buying in some blue chip stocks supported the market, while pressure remained due to profit booking in select companies.
impact of global signals
According to analysts, the effect of mixed trends in international markets, movement of dollar index, crude oil prices and global economic developments is also visible on the Indian stock market. Investors are also waiting for the upcoming economic data and quarterly results of companies.
What is the signal for investors?
Market experts say that at present the stock market can trade in a limited range. In such a situation, investors should avoid taking hasty decisions and focus on companies with strong fundamentals. The direction of the market may depend on the activities of foreign investors (FII), domestic institutional investors (DII) and the trend of global markets throughout the day.
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