Business Desk – Market Update Today: A decline is being seen in the stock market on Tuesday, August 25. Sensex is trading at the level of 77,300 with a fall of more than 100 points. At the same time, Nifty has also fallen by about 50 points and is trading at the level of 24,150. Today, heavy selling is being seen in the market especially in auto and metal shares.
Investors are now keeping an eye on signals related to the domestic market as well as the Global Market, FII-DII Activity and IPO. Investors' alertness has increased due to weakness in the market for the second consecutive trading day.
Annu Projects' IPO opens from today
The IPO of Annu Projects has also opened in the stock market today. The company wants to raise Rs 175.06 crore through this Initial Public Offering. Investors will be able to bid in this IPO till August 28. In such a situation, amidst the decline in the market, investors will also keep an eye on the IPO. Before investing in IPO, it is important to see the business, financial performance and valuation of the company.
Mixed trading in Asian markets too
The Indian market is not getting strong support even from the Asian markets. On Tuesday, South Korea's Kospi fell 146 points or 1.96% to 6,566. Whereas Japan's Nikkei rose by 71 points or 0.11% to reach 65,599. Hong Kong's Hang Seng fell 71 points or 0.36% to 25,446. This means that even in the Asian markets the investor sentiment was not completely strong.
There was pressure in the American market also
Earlier on August 21, mixed trading was also seen in the American markets. Dow Jones closed at 53,417 with a gain of 140 points or 0.26%. On the other hand, Nasdaq declined by 200 points or 0.76% and closed at 25,980. The S&P 500 also fell 22 points or 0.28% to close at 7,653. The impact of these signals from the American market can also be seen on the sentiments of Asian and Indian markets in the next trading session.
DII invested more than Rs 12 thousand crore in 7 days
Domestic institutional investors i.e. DII are continuously buying in the market. According to available data, DIIs have bought shares worth Rs 12,129 crore in the last 7 days. His purchases in the last 30 days have been Rs 42,251 crore. Whereas FII/FPI have bought shares worth Rs 464 crore in the last 7 days and Rs 9,646 crore in the last 30 days. In the latest figures, DII purchases stood at Rs 2,494 crore and FII/FPI purchases stood at Rs 1,182 crore.
The market had closed with a decline yesterday also
Earlier on Monday i.e. 24th August also there was a decline in the stock market. The Sensex fell 172 points and closed at 77,369. Nifty also fell by 33 points and closed at the level of 24,219. Now both Sensex and Nifty are under pressure in Tuesday's trading. In such a situation, investors will especially keep an eye on the selling of auto and metal sectors, FII-DII Flow, IPO and Global Market Trends.