Stock Market Opening: The stock market is still trading with a decline and the markets are open with great weakness. The stock market is not getting any support from US futures. The auto sector is down by more than 1 per cent and financial stocks are also broken. There is also a soft trend in IT stocks. Even today, the possibility of trading in the red mark is visible in the market.
How was the beginning of the market
At the beginning of the stock market today, the BSE 30-share index Sensex opened trading at 56,710 with a fall of 397.39 points or 0.70 percent. NSE’s 50-share index Nifty has opened at 16,870 with a fall of 136.85 points or 0.80 percent.
Sensex and Nifty condition
Out of 30 Sensex stocks, only 4 stocks are in the green mark of bullishness and the red mark of decline is dominant in the remaining 26 stocks. On the other hand, out of 50 Nifty stocks, only 9 stocks are seeing a rise, while 41 stocks are registering a fall.
Today’s Stocks Rising
Powergrid, Sun Pharma, Dr Reddy’s Laboratories and M&M’s shares remained bullish in today’s rising Sensex stocks. Wipro has also come in the green mark now. Powergrid, Sun Pharma, Dr Reddy’s Labs along with Cipla and Eicher Motors are the top gainers in Nifty.
Today’s falling stock names
Shares of Bharti Airtel, TCS, L&T, Nestle, SBI, TCS, Infosys, Maruti, Kotak Mahindra Bank, Bajaj Finance, HUL, ICICI Bank, Tech Mahindra remain down in today’s falling Sensex. On the other hand, UltraTech Cement, Titan, Bajaj Finserv, Axis Bank and Asian Paints, ITC, HDFC Bank, HDFC, Reliance Industries, NTPC and IndusInd Bank are recording losses.
Market move in pre-opening
The market movement in the pre-opening looks very sluggish. NSE’s Nifty was seen at the level of 16856 with a fall of 156 points or 0.88 percent. At the same time, the BSE Sensex was down by 407 points i.e. 0.71 percent down at 56700.
what the experts say
shareindia Of Vice President Head of Research Dr Ravi Singh It says that today Nifty is expected to remain in the level of 16700-17000 in the domestic stock market. Today, the outlook for the stock market remains the same. In today’s strong sectors, a bullish trend can be seen in Pharma, IT, FMCG, Media, Infrastructure and Smallcap stocks. On the other hand, there is a possibility of weakness and decline in metal, financial services, bank, auto and realty sectors.
Today’s Trading Strategy
for shopping- Buy and stop loss 16950 for target 17080 on move above 17000
for sale-Learn below 16900 Sell but target 16820 and stop loss 16950
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