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Share Market Opening on 08 March: Even though the whole country is celebrating Holi holiday today, the stock market and the people trading in it are still at work. In fact, Holi holiday in both the major stock markets of the country, BSE and NSE, was on Tuesday i.e. March 07 only. After the holiday, the effect of the red color of Holi is visible in the open market today in the early trade. Major indices started the trading today with a decline. Both BSE Sensex and NSInfty fell more than 0.50 per cent in early trade.
Already showing signs of decline
The stock market was already showing signs of decline today. Both BSE Sensex and NSE Nifty are in loss from the Pro-Open session. In Singapore, the NSE Nifty futures SGX Nifty was down around 0.80 per cent in the morning, indicating that the domestic stock market could get off to a bad start today. India Vix, the barometer of turmoil in the market, was also indicating negative business by climbing 0.72 percent.
Such is the trend of early business
Today, when trading started in the market, the 30-share index of BSE Sensex opened near 59,900 points with a fall of more than 300 points. Similarly, the NSE Nifty opened below 17,630 points with a fall of about 85 points. Today, the movement of Sensex and Nifty in the day’s business can be affected by the trend of the global market. Apart from this, the effect of fluctuations in selected stocks and foreign portfolio and domestic institutional investors can also be seen.
came so fast on monday
Earlier on Monday, there was a boom in the market for the second consecutive day. Along with the global trend, the market was benefited by the rapid rise of IT, financial and auto stocks. On Monday, the BSE Sensex closed at 60,224.46 points with a gain of 415.49 points, or 0.69 percent. Foreign portfolio investors ie FPI made a net purchase of shares worth Rs 721 crore in Monday’s trade. At the same time, domestic institutional investors ie DIIs were net buyers of Rs 757 crore.
Such is the condition of the global market
If we look at foreign markets, there was a decline in the American stock market on Tuesday. Jerome Powell, chairman of the US Central Bank, hinted at a higher-than-expected increase in interest rates, which had a negative impact on market sentiment. After this, Dow Jones Industrial Average declined by 1.72 per cent, S&P by 1.53 per cent and Tech Focused Nasdaq by 1.25 per cent. Taking cue from this, Asian markets are also in loss in today’s business. Australia’s S&P / ASX 200 index is down 1 percent. Similarly, the futures of Hong Kong’s Hang Seng are at a loss of 1.3 per cent. Although Japan’s topics are in a slight increase of 0.10 percent.
large companies in startups
Talking about Sensex, shares of only five companies Ultratech Cement, HDFC Bank, HDFC, Maruti Suzuki and L&T are in the green mark in the early trade. The share of HCL Tech has fallen the most by 1.54 per cent. Infosys, Titan, Tech Mahindra, Kotak Bank are also in loss of more than 1-1 per cent.
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