Due to weak global cues, the stock market started on the red mark on Tuesday, the second trading day of the week. The Bombay Stock Exchange's major index Sensex opened at 52,432.88, down 120.52 points (0.23 percent). The Nifty of the National Stock Exchange opened at 15,703.95, down 48.45 points (0.31 percent). Last week, the BSE 30-share Sensex was up 753 points or 1.43 percent.
Markets around the world including the Dow Jones declined
There was heavy selling in the US markets on Monday. The Dow Jones closed down 2.09 percent. Nasdaq closed with a loss of 1.06 percent. European markets were also not spared from the brunt of the fall. Britain's FTSE fell 2.34 percent. France's CAC weakened by 2.54 percent. Japan's Nikkei and China's Shanghai Composite are down nearly half a percentage point. Hong Kong's Hang Seng is trading with a weakness of about 0.70 percent. Korea's Kospi is down about 0.40 percent.
The market will be affected by these factors this week
Analysts have expressed the opinion that in the absence of macroeconomic indicators, the first-quarter results of companies this week will decide the direction of the stock markets. The rate of Kovid-19 infection will also decide the direction of the stock markets in the near future. The stock markets will remain closed on Wednesday on the occasion of Bakrid. Along with this, market participants will keep an eye on the volatility of the rupee against the dollar, the price of Brent crude oil, and the investment trend of foreign institutional investors.
The market capitalization of six of the top 10 companies increased
Last week, the market capitalization of six of the top 10 Sensex companies increased by Rs 69,611.59 crore. Reliance Industries was the biggest gainer. Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, State Bank of India, Bajaj Finance, and Kotak Mahindra Bank respectively.
condition of big stocks
Talking about the big stocks, Kotak Bank, Tech Mahindra, Power Grid, Asian Paints, UltraTech Cement, Dr. Reddy's, NTPC, Tata Steel, Nestle India, Sun Pharma, Bajaj Auto, Axis Bank, ITC, Maruti during early trading today And the shares of Bajaj Finance opened on the green mark. On the other hand, shares of Titan, Infosys, TCS, Reliance, Bharti Airtel, HDFC, ICICI Bank, HDFC Bank, SBI, and HCL Tech opened on the red mark.
The market was open on the red mark on the last trading day
The Sensex opened at 52,606.99, down 533.07 points (1.00 percent) on the last trading day. The Nifty opened at 15,754.50, down 168.90 points (1.06 percent).
Sensex-Nifty closed on Monday on a heavy fall
The stock market fell heavily on Monday. The Sensex closed at 52,553.40, down 586.66 points (1.10 percent). On the other hand, Nifty closed at 15,752.40, down 171.00 points, or 1.07 percent.