New Delhi,FMNews - After facing continuous selling pressure in the first session on the fourth trading day of the week, the stock market situation seems to be improving in the next session. Although the stock market still remains in the red mark, but the condition of both the indices, Sensex and Nifty, has recovered significantly as compared to earlier.
The Bombay Stock Exchange (BSE) Sensex started trading on Monday with a slight weakness of 42.96 points. Within five minutes of the market opening, the Sensex reached the level of 58,314.64 points in the green mark on the strength of buying. But the sell-off after that took the Sensex down by 272.69 points from the top level to reach the level of 58,032.38 points. However, after this the buying started once again and after half an hour of trading, some improvement in the condition of the Sensex was also seen. Due to which this index reached the level of 58 thousand, 136.70 points, but the selling pressure continued, due to which the Sensex fell again and came down.
This decline in the stock market continued for the next one hour, but after that the buying in comparison to the selling in the market started increasing, due to which the Sensex also started sliding upwards. Despite the buying in the market, the selling pressure remains constant, due to which the Sensex remains in the red mark despite the continuous buying. Between buying and selling, the Sensex was trading at a level of 58 thousand,231.30 points with a weakness of 73.77 points at 2 pm.
Like the Sensex, the Nifty of the National Stock Exchange (NSE) also started trading at the level of 17 thousand,363.55 points today with a weakness of 5.70 points. Nifty also showed a slight rise in the beginning and jumped about 12 points from the opening level to reach 17,375.50 points. After this, due to the sell-off, the Nifty fell to the level of 17, 304.40 points in 15 minutes of trading.
After this fall, once again there was a buying force in the stock market, due to which the Nifty fell again after reaching the level of 17, 327.30 points after the end of the initial half-hour of trading. This fall took the Nifty down by 100.10 points to the level of 17 thousand,269.15 points in a short time.
But after this, domestic institutional investors (DIIs) started buying aggressively to handle the market, due to which the Nifty also continued to improve. On the strength of this continuous buying, it was trading at the level of 17 thousand,358.05 points with a slight weakness of 11.20 points after recovering about 90 points from today's low at 2 pm.
So far, there has been a boom in the IT sector, pharma, metal, media and realty sector in the business. On the other hand, selling pressure remained in the banking sector, financial services and energy sectors. Due to this move of the stock market, Nifty's media index 1.35 percent, IT index 1.06 percent, metal index 0.71 percent, realty index 0.56 percent and pharma index are trading with a gain of 0.11 percent. At the same time, 0.73 percent in Energy Index, 0.57 percent in Private Bank Index, 0.34 percent in PSU Bank Index and 0.10 percent in Auto Index.
Of the 30 stocks included in the Sensex, 12 stocks are trading in the green with an increase in trading so far, while 18 shares are trading in the red mark with a fall. So far a total of 03 thousand,300 shares have been traded on the Bombay Stock Exchange. Out of which 01 thousand,602 shares are trading in green mark with strength, while 01 thousand,489 shares are trading in red mark under selling pressure. While the price of 209 shares has not changed yet.
During the trading so far, Coal India has joined the list of top five with the strength of 3.9 per cent, Hindalco Industries 3.05 per cent, Bharti Airtel 1.47 per cent, TCS 1.4 per cent and Maruti Suzuki by 1.27 per cent. On the other hand, Reliance Industries remained in the list of top five losers with a weakness of 1.79 per cent, ICICI Bank 1.44 per cent, SBI Life Insurance 0.97 per cent, Eicher Motors 0.9 per cent and Adani Ports 0.88 per cent.