Mumbai: Despite the strong global cues, today the domestic stock market seems to be under pressure. The stock market started trading strongly today. But after the first 15 minutes of trading, both the Sensex and Nifty indices went down due to selling pressure. After the initial one-hour trading, Sensex was trading with a marginal gain of 0.14 percent and Nifty by 0.08 percent.
During the first one hour of trading, shares of Cipla, State Bank of India, Maruti Suzuki, Titan Company and HDFC Life Insurance were seen trading with a strength of 1.50 percent to 0.87 percent. On the other hand, Adani Enterprises, ITC, Hindustan Unilever, Tata Consultancy Services (TCS) and Adani Ports were trading 0.98 per cent to 0.30 per cent lower.
In the trading so far, there was active trading in 1,895 shares in the stock market. Out of these, 1,308 stocks were trading in the green mark by earning profits, while 587 stocks were trading in the red mark by taking losses. Similarly, out of 30 stocks included in the Sensex, 17 stocks remained in the green mark with the support of buying and 13 stocks remained in the red mark due to selling pressure. While out of 50 stocks included in the Nifty, 35 stocks were seen trading in the green mark and 15 stocks in the red mark.
The Bombay Stock Exchange (BSE) Sensex started trading on a strong note today supported by strong global cues. The Sensex opened at a level of 61,779.71 points with a gain of 360.75 points. After the initial 15 minutes of trading, a sharp selloff started in the market, due to which the index fell to 61,488.16 points in the next 15 minutes of trading itself.
After this fall, the buyers once again tried to support the market, but due to the tremendous selling pressure, the situation of Sensex could not make much difference. The Sensex was trading at a level of 61,507.61 points with a gain of 88.65 points at 10:15 am after the initial 1-hour trading amid continuous buying and selling in the market.
Like the Sensex, the Nifty of the National Stock Exchange (NSE) also started trading today with a gain of 81 points at 18,325.20 points. Due to selling pressure in the early trade itself, the Nifty also fell to the level of 18,263 points in the first half-hour of trading. However, after this there was pressure from the buyers, due to which there was some improvement in the position of the index. But after a while, selling once again dominated the market, due to which the index kept falling. Nifty was trading at a level of 18,259.60 points with a slight gain of 15.40 points at 10:15 am after the initial 1-hour trading between continuous buying and selling in the market.
Due to the positive global signals, the stock market started trading on a strong note even in the pre-opening session today. In this session, the BSE Sensex was at the level of 61,834.07 points with a gain of 415.11 points, or 0.68 percent. At the same time, the Nifty had reached a level of 18,327.60 points with a gain of 83.65 points, or 0.46 percent, in the pre-opening session.
Prior to this, on the previous trading day i.e. Tuesday, the Sensex closed at a level of 61,418.96 points with a gain of 274.12 points, or 0.45 percent. On the other hand, the Nifty ended Tuesday’s trading at 18,244.20 points, up 84.25 points, or 0.46 percent.
