Stock Market Updates 8 December: The stock market has seen a decline today on the first day of the trading session. Both the major indices BSE Sensex and NSE Nifty are trading in the red. India’s equity benchmarks opened lower ahead of the Federal Reserve meeting, while InterGlobe Aviation, operator of the country’s largest airline IndiGo, declined. Last week, the company’s shares fell after the regulator (DGCA) warned about the cancellation of hundreds of flights. As of 9:15AM (IST) today, Nifty 50 and BSE Sensex fell 0.1% to 26,159.80 and 85,624.84, respectively. 10 out of 16 major sectors opened at a lower level.
Broader mid-cap and small-cap indices remained steady. Globally investors are cautious ahead of the Fed’s policy announcement this week. The central bank of the world’s largest economy is expected to cut interest rates. IndiGo’s operator InterGlobe Aviation fell 5% and was the biggest loser in the Nifty 50.
rise in IT shares
Among the companies included in Sensex, Tech Mahindra’s shares are trading the strongest. These are trading at 0.95 percent. Infosys shares showed a rise of 0.70 percent. TCS shares were trading up 0.51 percent. Eternal’s shares were trading 0.39 percent stronger.
These shares fell
Bajaj Finance shares fell 1.03 percent. There was a weakness of 0.74 percent in BEL shares. Shares of Asian Paints have fallen 0.62 percent. Maruti Suzuki stock has fallen by 0.60 percent. NTPC shares fell 0.57 percent.
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Signs of good growth in earnings of companies
Dr. VK Vijay Kumar, Chief Investment Strategist at Geojit Investments Limited, says that emerging positive and negative news can bring fluctuations in the market in the near future. The economy is picking up again and there are signs of good growth in the earnings of companies. For this reason the stock market is still getting support. This year, the government and RBI spent a lot of money and kept the interest rates low, the effect of which is clearly visible. GDP grew at a pace of 8.2% in the second quarter. At the same time, RBI increased the growth estimate for the next financial year (FY26) to 7.3%. These figures are positive for the market.
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