Share Market: Flat start in the stock market after the fall, slight decline of 6 points in Sensex, rise in Nifty.

Share Market Today: The last two days have proved to be very heavy for the Indian stock market. Both days the major indices opened in the red. The trading session opened flat on Wednesday. In the morning the Sensex opened with a slight fall of 6 points at 74,553 points. Whereas Nifty was at 23,390 with a slight increase of 10 points.

There was mixed trading in the market in the initial trade. There was a rise in metal and defense stocks. Nifty Metal and Nifty India Defense were the top gainers. Nifty FFCG, Nifty Oil & Gas, Nifty Pharma, Nifty Commodities, Nifty PSE, Nifty Healthcare and Nifty Energy were the gainers. Whereas, selling was seen in Nifty IT, Nifty Services and Nifty PSU Bank.

Movement intensifies in BSE Sensex

Asian Paints, Adani Ports, Tata Steel, BEL, Kotak Mahindra, L&T, ITC, Sun Pharma, Trent, Bajaj Finserv, Maruti Suzuki, TCS, HCL Tech, Bharti Airtel and Tech Mahindra were the top gainers in the Sensex pack. Power Grid, Bajaj Finance, Eternal, NTPC, Infosys, SBI, Axis Bank, ICICI Bank and M&M were the top losers.

Midcap and smallcap were trading at a brisk pace. The Nifty Midcap 100 index was up 228 points or 0.38 per cent at 59,932 and the Nifty Smallcap 100 index was at 18,015, up 76 points or 0.43 per cent.

Bullish signs in international markets

Most of the Asian markets are witnessing a rise. Tokyo, Hong Kong, Seoul, Bangkok and Shanghai were in the green. Jakarta was in the red. American stock markets closed mixed on Tuesday. During this period, Dow Jones closed with a rise of 0.11 percent and Nasdaq closed with a fall of 0.71 percent.

Foreign institutional investors (FIIs) remain net sellers. FIIs sold equities worth Rs 1,959.39 crore on Tuesday. At the same time, domestic institutional investors (DIIs) invested Rs 7,990.32 crore.

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Crude oil prices fell

Weakness is being seen in the price of crude oil. On Comex, WTI crude was down 1.16 percent at $ 100.99 per barrel and Brent crude was down 1.15 percent at $ 106.53 per barrel.