Share Market Open Today: Earlier on Friday, the market had fallen for the second consecutive day. However, as per the entire week, the market was in profit for the second week…
Share Market Opening on 16 October: The domestic stock market started the week with losses. The pressure of decline in global markets is clearly visible on the domestic market. IT shares seem to be making a comeback in early trade, but on the other hand, losses are also being seen in many major shares.
Sensex is at a loss of more than 150 points in the initial session. At 9.20 am, the Sensex had fallen by about 230 points and was below 66,050 points. At the same time, Nifty had come near 19,700 points with a loss of about 50 points.
Such signal in pre-open session
There were signs of decline in the market from the pre-open session. In the morning, Nifty futures had fallen in Gifty City. Before the start of the session, BSE Sensex was in loss of about 50 points. Nifty also fell by about 15 points in the pre-open session.
There was a decline on Friday
Earlier on Friday, October 13, the Sensex fell by 125.65 points or 0.19 percent and closed at 66,282.74 points. Whereas Nifty fell by 42.95 points and closed at 19,751.05 points. This was the second consecutive day of decline in the domestic market. The market was in profit for the week. During the week, BSE Sensex had increased by more than 550 points and Nifty had increased by 245 points i.e. about 1.25 percent. The domestic market closed in the green zone for the second consecutive week.
Pressure continues on global market
There is pressure in the global market. American markets were in loss on Friday. Although the Dow Jones Industrial Average rose marginally by 0.12 percent, the Nasdaq Composite Index declined by 1.23 percent and the S&P 500 declined by 0.50 percent. Asian markets are also in loss in today’s trading. Japan’s Nikkei has fallen by 1.64 percent. Hong Kong’s Hang Seng is in loss of about 0.50 percent.
Big shares in early trade
IT shares are in green zone in the initial session today. Due to worse than expected results, IT shares had a major contribution in the fall of the market in the last two days of last week. Today in early trading, HCL Tech was showing the highest rise of about 1.5 percent on Sensex. Infosys shares were also trading in the green zone. On the other hand, shares like Nestle India, Asian Paints and IndusInd Bank were in loss of more than 1 percent each.
