New Delhi,FMNews -. On the first trading day of the week, the Indian stock market started trading with a fall.In the opening minutes, the market also showed signs of recovery on the strength of buying, but as the business progressed, the decline in the market increased. Due to which both the indices of the stock market are trading continuously in the red mark after the initial five minutes of trading.
The Bombay Stock Exchange (BSE) Sensex started trading today with a slight weakness of 42.96 points. Within 5 minutes of the market opening, the Sensex reached the level of 58,314.64 points in the green mark on the basis of buying. But the sell-off that followed took the Sensex down 272.69 points from the top level to reach the level of 58,032.38. 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 the index reached the level of 58,136.70 points, but the selling pressure continued, due to which the Sensex fell again and came down. Due to selling pressure, the Sensex was trading at a level of 58,054.22 points with a weakness of 250.85 points at 10.30 am.
Like the Sensex, the Nifty of the National Stock Exchange (NSE) also started trading today at the level of 17,363.55 points with a weakness of 5.70 points. Nifty also showed slight gains initially and jumped about 12 points from the opening level to reach 17,375.50 points. After this, the Nifty fell to the level of 17,304.40 points in 15 minutes of trading due to the sell-off. 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. Due to this fall, the Nifty was trading at the level of 17,297.65 with a weakness of 71.60 points at 10.30 am.
In the business so far, apart from the slight uptick in the media sector, IT and metal sectors, more or less all the other sectors have remained weak. IT index 0.27 percent, metal index 0.19 percent and media index 0.19 percent are trading with strength. On the other hand, Energy Index was trading 1.12 percent, Private Bank Index 0.89 percent, PSU Bank Index 0.75 percent, Financial Services Index 0.65 percent, Realty Index 0.53 percent, Pharma Index 0.47 percent and Auto Index 0.4 percent with weakness.
In the trading so far, out of 30 stocks included in the Sensex, 9 stocks are trading in the green mark with strength, while 21 stocks are trading in the red mark with a fall. A total of 2,562 shares have been traded on the Bombay Stock Exchange so far. Out of which 1,412 shares are trading in green mark with strength, while 994 shares are trading in red mark under selling pressure. Whereas there has been no change in the price of 156 shares so far.
Before this, on the last trading day i.e. on Thursday last week, the Sensex had closed at 58,305.07 points with the strength of 54.81 points. On the other hand, the Nifty closed at 17,369.25 points with a gain of 15.75 points.
In the pre-opening session today, the stock market had a weak start under the pressure of global cues. The BSE Sensex had opened at 58,256.11 points with a weakness of 0.05 per cent, down 46 points. At the same time, in the pre-opening session, the Nifty was trading at a level of 17,363.55 points, down 5.05 points, down 0.03 percent.