New Delhi. There seems to be pressure in the domestic stock market during early trading today. Today’s business had a mixed start.
The Sensex opened in the green with gains, while the Nifty started the trading at a flat level with a slight fall. After the market opened, there was selling pressure, due to which the weakness of both these indices increased.
However, after the first 20 minutes of trading, buyers made buying efforts, which led to some improvement in the position of both these indices.
Despite getting buying support, both these indices continued to trade in the red. After the first one hour of trading, Sensex was trading with a weakness of 0.23 percent and Nifty with a weakness of 0.39 percent.
BSE Sensex opened today at 78,111.91 points with a gain of 145.56 points or 0.19 percent. As soon as trading started, this index reached 78,119.39 points with a slight rise in the first minute itself.
After this, there was selling pressure in the market, due to which the Sensex kept falling. Due to continuous selling of shares, this index fell by more than 400 points from the opening level in the first 20 minutes of trading and reached the red mark at 77,709.63 points.
After this the buyers took charge and started buying. There was some improvement in the movement of Sensex with the support of buying. However, the selling pressure in the market was so high that the index continued to remain in the red.
After the first one hour of trading amidst continuous buying and selling in the market, at 10:15 am the Sensex fell by 178.67 points and was trading at the level of 77,787.68 points.
Unlike Sensex, NSE’s Nifty started trading today with slight weakness at flat level. This index slipped 4.35 points or 0.018 percent and started trading at the level of 24,431.60 points.
Due to selling pressure as soon as the market opened, Nifty fell by more than 110 points from the opening level to the level of 24,316.30 points.
After this, buyers started buying and tried to support the market, due to which there was some improvement in the movement of this index.
However, the negative sentiment was so dominant in the market that despite the efforts of buyers, the index could not recover and reach the green mark.
After the first one hour of trading between continuous buying and selling in the market, at 10:15 am Nifty was trading at the level of 24,341.55 points with a fall of 94.40 points.
After the first hour of trading, shares of major stock market companies Tech Mahindra, Shriram Finance, Apollo Hospital, Jio Financial and Max Healthcare were trading with a gain of 1.32 percent to 0.66 percent.
On the other hand, shares of Grasim Industries, Hindalco Industries, UltraTech Cement, Reliance Industries and Titan Company were seen trading with a weakness of 2.28 percent to 1.35 percent.
In the current trading, there was active trading in 2,633 shares in the stock market. Of these, 1,499 shares were trading in the green after earning profits, while 1,134 shares were trading in the red after incurring losses. Similarly, out of 30 shares included in the Sensex, 11 shares remained in the green with the support of buying.
On the other hand, 19 shares were trading in the red due to selling pressure. Whereas out of 50 shares included in Nifty, 16 shares were seen trading in green mark and 34 shares were seen trading in red mark.
Before this, on the last trading day on Wednesday, the Sensex had closed at the level of 77,966.35 points with a weakness of 187.90 points or 0.24 percent. At the same time, Nifty ended Wednesday’s trading at the level of 24,435.95 points with a decline of 35.75 points or 0.15 percent.