Share Market Update: Slowdown in the stock market, Sensex slipped below 83500, Nifty at the level of 25,725.

Sensex And Nifty Updates: The beginning of trading in the Indian stock market on Wednesday i.e. 18th February was very volatile. After gaining in the initial minutes, Sensex and Nifty came into the red zone due to profit booking. Investors are currently keeping an eye on Sensex and Nifty as there is uncertainty in the market. Experts believe that the volatility of the IT sector and global cues have affected investor sentiment.

initial market movement

On Wednesday, the third day of the week, the market opened with a slight rise but soon slowed down. In early trade, Sensex crossed 83,600 with a gain of 150 points but then fell below 83,500. Nifty opened at 25,752 points and after going up to 25,759.75, came back to the level of 25,725.

Tuesday’s performance

On Tuesday, the stock market witnessed a rise for the second consecutive day and the Sensex rose by 173.81 points. The 30-share BSE Sensex closed at 83,450.96 points with a gain of 0.21 percent. At the same time, NSE Nifty also increased by 42.65 points or 0.17 percent and closed at the level of 25,725.40 points.

status of shares

In early trading, big tech stocks like TCS, Tech Mahindra, HCL, Infosys and Wipro were seen in the red zone. On the other hand, buying in stocks like Tata Steel, BHEL, ITC and Bajaj Finserv remained in the green zone. The total market capitalization of BSE listed companies has now increased to Rs 4,70,11,313.57 crore i.e. $ 5,180 billion.

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Expert opinion

Dr. V.K. of Geojit Investments. According to Vijayakumar, the results of the third quarter are helpful in keeping the market stable. Due to high uncertainty in the IT sector, big investors are currently avoiding making big investments in this sector. He warned that retail investors are increasing investments in gold and silver ETFs which is risky.

Amidst the market turmoil, there is talk of increasing the salary from Rs 18 thousand to Rs 58500 as per the formula of 3.25 in the 8th Pay Commission. A major decision on Chandrasekaran’s future may be taken in the important meeting of the board of Tata Group to be held on 24th February. There has been a huge decline of 10500 rupees in silver prices.