There has been a huge fall in the stock market on the first day of the week itself. At 9:15 am on the Bombay Stock Exchange (BSE), the Sensex opened 258.60 points or 0.35% lower at 72,865.23. At the same time, BSE Bankex fell by 172.97 points or 0.28% to 60,913.74. The biggest decline was seen in the BSE focused IT index. It opened at 37,465.66 falling 630.69 points or 1.66 percent.
On the other hand, the National Stock Exchange (NSE) also remained in the red today. At 9:16 am, Nifty-50 was trading at 22,506.95, down 93.05 points or 0.41%. At the same time, Nifty Bank fell by 104.50 points or 0.19% to 54,182.85. Nifty Next 50 fell 0.59% and Nifty Financial Services fell 0.29%.
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How was the condition of the companies?
At 9:16 am today on BSE, only 5 out of 30 shares were seen in the green, the remaining 25 were in the red. Among these, Kotak Bank remained at the forefront and rose by 3.09 percent to reach 443.40. Sun Pharma, ITC, Axis Bank and Adani Ports also gained marginally. On the other hand, Infosys fell the most by 2.24%. Bajaj Finance, Asian Paints, HCL Tech and Titan also declined between 1.2% and 1.7%.
The biggest decline has been seen in IT shares. Infosys, HCL Tech, Tech Mahindra and TCS were all down. The situation in banking was mixed, Kotak and Axis rose, but HDFC Bank, ICICI Bank and SBI declined.
Price of gold and silver in domestic market?
The prices of both gold and silver have also increased in the domestic market. As soon as the market opened, gold went up and was seen trading around Rs 1.43 lakh per 10 grams. Whereas silver was seen trading around Rs 1.97 lakh per kg. After continuous decline, today on the first day of the week, 24 carat gold is trading around ₹ 142,810 per 10 grams, while 22 carat gold is trading around ₹ 130,909 per 10 grams.
Apart from this, 18 carat gold is trading near Rs 107,108 per 10 grams. In the bullion market, the price of silver was seen trading around ₹ 197,300 per kg.