There is selling pressure in the domestic equity market, but key stock indices have moved well above lower levels. On Monday, the BSE Sensex opened at 51,887 points, down about 600 points from the previous closing level.
NSE Nifty also gave a weak start of around 150 points on the first trading day of the week. At present, the Sensex has come above 52,100 points. Nifty has also crossed the 15,600 point level again.
On Monday, for the third consecutive day, the stock market started with a fall. The Sensex had gone down by 553 points to 51,790 at the beginning of trading. Nifty was trading 152 points down at 15,530.
The biggest decline of about 1% in the sector index is showing pressure on Nifty IT. There is also weakness in Nifty Bank, Auto, Financial Services, Pharma, Metal, PSU Bank and Energy. Sectors supporting the market are Nifty Media, Realty and FMCG Sectors.
At the beginning of the business, the market cap of the listed companies stood at Rs 225.83 lakh crore. On Friday it was Rs 227.33 lakh crore. Jim Bullard, a top US Fed Reserve official, said two days ago that the first interest rate hike could happen by the end of 2022. There was a huge sell-off in the stock markets around the world on his statement.
Japan's Nikkei index has fallen by about 3.50%. Hong Kong's Hang Seng is down about 1.25%. Korea's Kospi is down around 0.9%. China's Shanghai Composite is better than other Asian markets. It has a weakness of around 0.2%. Australia's All Ordinary is down by up to 1.60%.
According to provisional data available on the NSE, on Friday, June 18, foreign institutional investors (FIIs) bought shares worth a net Rs 2,680 crore. That is, he had bought shares of so many rupees more than the number of shares he had sold. Domestic institutional investors (DIIs) had bought shares worth a net Rs 446 crore.
On Friday, the US markets closed with a sharp fall. The Dow Jones closed at 33,290, down 1.58%. Nasdaq was down 0.92% at 14,030. The S&P 500 index was down 1.31% at 4,222. The stock markets of Britain, France and Germany also closed with a fall.
11:05 AM Maruti Suzuki has planned to increase the prices of vehicles in the second quarter due to the increase in the cost of raw materials.
10:30 AM There is a fall in two-thirds of the Sensex stocks. NTPC has a strength of around 3%.
09:34 AM BSE Bank Index is trading 383 points down at 38,794. 8 out of 10 banks included in the index are in decline. The share of ICICI Bank has fallen the most by 1.55%.
09:15 AM Sensex down 456 points at 51,887.55 and Nifty opened 157 points down at 15,525.85.
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