The new corona in the country is causing panic by the huge increase in the number of patients and deaths from Kovid. Hence investors are cautious. Today, on the first trading day of the week i.e. Monday, the stock market opened on the red mark and closed with a fall.
According to the information, after the day's ups and downs, the BSE Sensex fell 882.61 points to 47,949.42 and the NSE Nifty dipped by 258.40 points to close at 14,359.45 points.
Today the shares of veteran shares were opened on the red mark
Talking about the big stocks, all the shares opened on the red mark during initial trading today. Top losers are Sun Pharma, Infosys, Doctor Reddy, TCS, HCL Tech, Hindustan Unilever, Nestle India, Tech Mahindra, Reliance, ITC, Titan, Bajaj Finserv, Asian Paints, Maruti, Power Grid, Bharti Airtel, HDFC Bank, ONGC, IndusInd Bank, NTPC, etc.
This was the condition of the stock market during the pre-open
The Sensex was down 491.98 points (1.01 percent) at 48340.05 during the pre-open at 9.02 am. The Nifty was down 276.50 points (1.89 percent) at 14341.40.
The stock market closed on the green mark on Friday
On Friday, the market had witnessed day-to-day fluctuations amid the positive trend of global markets. The Sensex gained 28.35 to close at 48,832.03 points. At the same time, the Nifty closed at 14,617.85 points with a gain of 36.40 points.
These factors will decide the direction of the market this week
The stock markets are expected to be very volatile this week. Analysts say that the market trend in the week with fewer trading sessions will be largely determined by the trend of the Kovid-19 transition, global cues, and quarterly results of the companies. On Wednesday, there will be a holiday in the market on Ram Navami. Apart from this, the direction of the rupee against the dollar, investment of foreign institutional investors, and crude oil prices will also determine the direction of the market.