New Delhi, 17 March. The Indian stock market started trading today (Friday) with a good growth amid strong global cues. However, as time passed, the selling pressure increased. Due to this pressure, the growth of the market also decreased. In between many times the buyers also tried to provide support by buying. Despite this, selling pressure remained on the market. After the initial 1 hour of trading, the Sensex was trading with a strength of 0.62 percent and Nifty by 0.64 percent.
HCL Technology, Infosys, HDFC Life, SBI Life Insurance and Larsen & Toubro were trading strongly in the range of 2.51 per cent to 2.17 per cent after the first one hour of trading. On the other hand, ITC, BPCL, IndusInd Bank, Eicher Motors and Sun Pharmaceuticals were trading with losses ranging from 1.76 per cent to 0.41 per cent.
In the trading so far, there were active trading in 1,917 shares in the stock market. Out of these, 1,483 stocks were trading in the green mark by making profits, while 434 stocks were trading in the red mark by taking losses. Similarly, out of 30 stocks included in the Sensex, 23 stocks remained in the green mark with the support of buying. On the other hand, 7 stocks were trading in red mark under selling pressure. Whereas out of 50 stocks included in Nifty, 39 stocks were seen trading in green mark and 11 stocks in red mark.
The Bombay Stock Exchange (BSE) Sensex started trading today on a strong note due to positive global cues. This index jumped 403.33 points and crossed the level of 58 thousand points and opened at the level of 58,038.17 points. As soon as the trading started, the Sensex jumped to a level of 58,178.94 points with the support of buying. But after a few minutes, the index turned into a downtrend as selling started in the market.
In between, the buyers tried to support the Sussex by creating buying pressure several times. But due to selling pressure, the index fell to a level of 57,825.35 around 10 am. However, after 10 o’clock once again buying momentum was seen, due to which its movement was also seen improving. The Sensex was trading at a level of 57,991.49 points with a gain of 356.65 points at 10:15 am after the initial 1-hour trading amid continuous buying and selling in the market.
Like the Sensex, the Nifty of the National Stock Exchange NSE also started trading strongly today. The index opened at a level of 17,111.80 points with a gain of 126.20 points. At the start of trading, the index jumped up to 17,145.80 points with the support of buying. But after some time, due to the formation of selling pressure, it kept on declining continuously.
During this period, buyers also tried to support Nifty by buying in between. Despite this, the index fell to 17,049.2 points by 10 am due to selling pressure. After this, there was a slight improvement in the movement of Nifty due to the buying. Nifty was trading at a level of 17,094.40 points with a gain of 108.80 points at 10:15 am after the initial 1-hour trading between continuous buying and selling in the market.
Amid strong global cues, the domestic stock market started trading on a strong note even in the pre-opening session today. In this session, the BSE Sensex was at a level of 58,004.08 points with a gain of 369.24 points, or 0.64 percent. On the other hand, the Nifty had reached the level of 17,093.50 points with a gain of 107.90 points, or 0.64 percent, in the pre-opening session.
Prior to this, on the last trading day i.e. Thursday, the Sensex jumped 78.94 points, or 0.14 percent, to close at 57,634.84 points. On the other hand, the Nifty ended Thursday’s trading at 16,985.60 points, up 13.45 points, or 0.08 percent.
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