Share Market Open Today: There has been pressure on the share market since last week and since last Monday the market has been registering a decline in every session…
The domestic market is on the path of loss for the seventh consecutive day on Wednesday. Both the major indices BSE Sensex and NSE Nifty have started the trading with a decline even today. There has been continuous pressure on the market since last week.
At 9.20 am, the Sensex was trading near 65,775 points with a loss of about 170 points. Similarly, Nifty had fallen by more than 40 points and had come near 19,620 points.
Before the market opened, Nifty futures were almost stable in Gifty City. Whereas in the pre-open session both Sensex and Nifty were in slight loss.
Market falling since last week
A day before this, on Tuesday, the domestic market had declined for the sixth consecutive day. On Tuesday, BSE Sensex fell 80 points and closed near 65,925 points. Whereas Nifty was near 19,637 points with a loss of about 30 points. The market has been falling in every session since Monday last week. Last week, both Sensex and Nifty indices had fallen by more than two and a half percent each.
American market continues to decline
The period of decline continues to dominate the American market. The Dow Jones Industrial Average had fallen 1.14 percent on Tuesday. Whereas a decline of 1.57 percent was seen in Nasdaq Composite Index and 1.47 percent decline was seen in S&P 500 Index. Asian markets are showing a mixed trend in Wednesday’s trading. While Japan’s Nikkei is at a loss of 0.47 percent in the day’s trading, Hong Kong’s Hang Seng is 0.69 percent stronger. China’s Shanghai Composite is also up by 0.27 percent.
Big stocks fell in early trade
Most of the big stocks have fallen in early trade. Out of 30 Sensex stocks, only 9 are in the green zone, while 21 have fallen. Shares like L&T, Sun Pharma, IndusInd Bank are in slight rise. On the other hand, shares like Tata Steel, Bajaj Finance, Bajaj Finserv, Tech Mahindra are falling.
