Share Market Open Today: Markets around the world are in the grip of selling, the effect of which is visible on the domestic stock market. The domestic stock market is in continuous loss since the first day of this week.
Share Market Opening on 20 April: Amidst the fall in the global markets, the domestic stock market has made an almost steady start to trading today. Both the major domestic indices BSE Sensex and NSE Nifty started trading with a slight gain.
Slow start
Domestic stock markets were under pressure even before the start of today’s trading. In Singapore, the futures of NSE Nifty SGX Nifty were in a slight decline in the morning. This was indicating that the domestic market can either start trading today with a decline, or remain stable. Both Sensex and Nifty were in a slight uptrend even during the Pro-Open session. Before the start of the session, the Sensex was up by about 20 points.
initial business like this
Both the major indices started the trading today with a slight gain. When trading started in the market at 09:15 am, the BSE’s 30-share index Sensex crossed the 59,600 mark with a gain of about 30 points. However, in a few minutes of trading, the Sensex went up by about 70 points. At the same time, Nifty also gained about 35 points in a few minutes of trading. There is a possibility of pressure on the domestic market in today’s business.
Global markets are under pressure
A decline was recorded in the US markets on Wednesday. The Dow Jones Industrial Average was down 0.23 percent and the S&P 500 was down 0.01 percent, while the tech-focused Nasdaq Composite Index was up 0.03 percent. The same trend of pressure is visible in the Asian markets today. Asian markets are almost stable in today’s trade. Japan’s Nikkei index is up marginally by 0.09 per cent in the day’s trading, while Hong Kong’s Hangseng is down marginally by 0.08 per cent.
Such condition of big companies
Talking about the initial business, the shares of big companies are in a good position. Shares of 28 out of 30 Sensex companies are in the green. Recovery is being seen in tech, banking and finance stocks. Shares of Tata Steel and Bajaj Finance are in loss. On the other hand, stocks like Titan, Asian Paints, ITC, Tata Motors are doing well.
This week has not proved to be good for the domestic stock market so far. Both Sensex and Nifty started the week with a decline. After that both the indices have closed down in every session of this week. Some recovery is being seen today.
