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Share Market Opening on 8 June: Before the Reserve Bank’s announcement on interest rates, the domestic stock market made a soft start to trading on Thursday. Both the major domestic indices BSE Sensex and NSE Nifty started with modest gains. The decline of the global markets is affecting the domestic market.
Pressure created in pre-open
The domestic stock market is showing pressure today after four consecutive days of growth. In Singapore, the futures of NSE Nifty SGX Nifty (SGX Nifty) was trading in a slight gain of around 23 points in the morning. This was indicating that pressure could be seen on the domestic market. Both the Sensex and the Nifty went into losses in the Pro-Open session.
Sensex and Nifty in early trade
When trading started in the market at 09:15 am, the BSE’s 30-share index Sensex was trading near 64 thousand points with a gain of about 40 points. At the same time, Nifty was trading near 18,750 points with a gain of about 20 points. In today’s business, pressure can be seen on the domestic market.
Fall dominates global markets
The negative trend of global markets dominates the domestic stock market. In America, there was a decline in Wall Street on Wednesday. On Wednesday, the Dow Jones Industrial Average closed up 0.30 percent, but the Nasdaq was down 1.3 percent and the S&P 500 was down 0.40 percent. After that Asian markets are also in loss in today’s business. Japan’s Nikkei is in a slight rise of 0.12 percent. On the other hand, Kospi of South Korea has fallen by 0.23 percent. Hong Kong’s Hang Seng is also trading at a loss.
Sensex companies started like this
Talking about the initial business, the shares of most of the big companies are showing strength. At 09:20 am, only 11 out of 30 Sensex companies were in loss. Shares of 19 companies have started trading with gains. However, before the announcement of the Reserve Bank, banking shares have fallen. Shares of Kotak Bank and Axis Bank are among the biggest losers on the Sensex.
This week has been good for the market
Earlier on Wednesday, the domestic market was profitable for the fourth consecutive day. Yesterday, the BSE’s 30-share index Sensex climbed 350.08 points, or 0.56 percent, to close at 63,142.96 points. Similarly, the NSE’s Nifty also closed at 18,726.40 points with a gain of 127.40 points, or 0.68 per cent.
In today’s business, the impact of the decisions of the Monetary Policy Committee of the Reserve Bank will be seen on the domestic market. Governor Shaktikanta Das is going to announce the decisions on the policy rates after the three-day meeting of the Monetary Policy Committee of the Reserve Bank. Apart from this, the effect of the movement of global markets will also be seen.
read this also: There will be a change in the rules of withdrawal from NPS, instead of lump sum, you will be able to withdraw money in installments.
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