Share Market Today / Today the stock market again opened in red, Sensex fell by 123 and Nifty by 56 points

The stock market opened with a decline on Friday. The Sensex opened 123.35 points down at 75,612.61 and the Nifty fell 55.95 points to 22,857.20. Shares of 9 out of 30 companies were in the green. Zomato rose 0.68%, while Mahindra & Mahindra fell 1.70%. The market continued to fluctuate.

Share Market Today: On the last trading day of the week, the Indian stock market witnessed a bearish trend. The Bombay Stock Exchange (BSE) Sensex opened 123.35 points lower at 75,612.61, while the National Stock Exchange (NSE) Nifty started trading with a decline of 55.95 points at 22,857.20. This marks the second consecutive day of opening in the red, as both indices fell on Thursday as well.

9 out of 30 Sensex Companies Gain

Out of the 30 Sensex-listed companies, only 9 opened in the green, while 20 recorded losses, and 1 remained unchanged. On the other hand, in the Nifty 50 index, 20 companies saw gains, while 30 companies witnessed declines.

Zomato’s stock opened with the highest gain of 0.68%, whereas Mahindra & Mahindra suffered the biggest drop of 1.70%.

Stock Performance

Gainers:

Sun Pharma: +0.53%
TCS: +0.39%
HCL Tech: +0.35%
Tata Steel: +0.22%
Nestle India: +0.13%
Infosys: +0.09%
ITC: +0.04%
Titan: +0.01%

Losers:

ICICI Bank: -0.75%
UltraTech Cement: -0.59%
Kotak Mahindra Bank: -0.50%
Power Grid: -0.38%
Axis Bank: -0.37%
Reliance Industries: -0.36%
NTPC: -0.35%
Hindustan Unilever: -0.30%
Tata Motors: -0.28%
State Bank of India: -0.25%
Tech Mahindra: -0.25%
Adani Ports: -0.23%

Reasons Behind the Market Decline

The continued decline in the Indian stock market could be attributed to weak global markets, foreign investor sell-offs, and uncertainty surrounding interest rates. Additionally, concerns regarding the U.S. Federal Reserve’s monetary policy and global economic indicators have also impacted market sentiment.

Going forward, market movements will depend on global developments and domestic economic indicators. Investors are advised to remain cautious and analyze market trends before making investment decisions.