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Share Market Opening on 10 March: The trend of decline in the domestic stock market (Indian Share Market) continues for the second consecutive day on Friday. Due to negative global cues, BSE Sensex and NSE Nifty started trading with a decline on the last day of the week. Both the major indices were down up to per cent in early trade.
Pressure on the market since pre-open
Today there is pressure on the market from the pre-open session itself. Even before the start of trading, there were indications that the market is in loss today. The NSE Nifty futures SGX Nifty in Singapore was down significantly by 140 points, or 0.79 per cent, in the morning, indicating that the domestic stock market may fall in early trade today. In the pre-open session, the BSE Sensex fell by over 500 points, while the NSE Nifty was down about 0.90 per cent.
sharp decline in a short time
At the start of trading at 09:15 am, BSE’s 30-share index Sensex and NSE Nifty had gone down by more than 01 percent. In a short span of time, the Sensex had gone down by about 700 points. In today’s business, the movement of the domestic market can be affected by the signals of foreign markets. Apart from this, investors can also influence the market. On Thursday, foreign portfolio investors had net sold shares worth Rs 561 crore, while domestic institutional investors were net buyers of Rs 42 crore.
Market trend this week
Earlier on Thursday, there was a brake on the market’s rise for the third consecutive day. Sensex fell by 542 points and Nifty by 160 points. On the first day of the week i.e. on Monday, the BSE Sensex closed at 60,224.46 points with a gain of 415.49 points or 0.69 per cent. Holi was a holiday in the stock markets on Tuesday and due to this there was no trading in BSE Sensex and NSE Nifty. On Wednesday, the Sensex closed at 60,348.09 points with a slight gain of 123.63 points, or 0.21 percent. Similarly, the Nifty was at 17,754.40 points with a gain of 42.95 points i.e. 0.24 percent.
Heavy fall in global markets
If you look at the foreign markets, there was a decent decline in the American stock market on Thursday. The Dow Jones Industrial Average was down 1.85 percent, while the S&P 500 was down 1.66 percent and the tech-focused Nasdaq was down 2.05 percent. Asian markets are also seeing a good decline during today’s trading. London and other markets in Europe also fell in futures trading.
large companies in startups
Talking about the Sensex, except for only two companies, all the shares were in loss in the initial trade. Only Tata Motors and Bharti Airtel were profitable in the initial trade. On the other hand, shares like IndusInd Bank, Bajaj Finserv, HDFC, HDFC Bank, ICICI Bank and Bajaj Finance fell up to 2 per cent.
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