NSE BSE 29 September 2021: Share market: Sensex opened below 60 thousand, down 449 points, Nifty also declined

The Sensex opened at 59,217.88, down 449.72 points or 0.75 percent. On the other hand, Nifty opened at 17,626.80 with a decline of 121.80 points (0.69 percent).

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Share Market - Photo : iStock

Expansion

Today the stock market opened on the red mark on Wednesday, the third trading day of the week. The Bombay Stock Exchange's major index Sensex opened at 59,217.88, down 449.72 points or 0.75 percent. On the other hand, the Nifty of the National Stock Exchange opened at 17,626.80 with a decline of 121.80 points (0.69 percent). 647 shares rose in early trade, 1069 shares declined and 93 shares remained unchanged. Last week, the BSE 30-share Sensex was up 1,032.58 points or 1.74 percent. 

Hence the fall

The stock market was affected sharply by crude oil. Crude oil has crossed $80 for the first time in three years. Apart from this, the rupee has weakened against the dollar. Also, the domestic market was affected amid fears of bankruptcy of Chinese company Evergrand. Goldman Sachs has also downgraded China's economic growth forecast. Also, there has been an increase in US 10-year bond yields, which impacted the domestic stock market.

Condition of big stocks

Talking about the big stocks, today the shares of UltraTech Cement, Hindustan Unilever, Power Grid, Sun Pharma, Bharti Airtel, Nestle India, and Tata Steel opened on the green mark during early trading. Whereas Reliance, Bajaj Finserv, L&T, ITC, TCS, Asian Paints, HCL Tech, Axis Bank, Titan, M&M, SBI, NTPC, Bajaj Finance, Dr. Reddy, IndusInd Bank, HDFC, SBI, Infosys, Bajaj Auto Shares of Maruti, Kotak Bank, HDFC Bank, ICICI Bank, and Tech Mahindra opened on the red mark.

During the pre-open, this was the condition of the stock market

During the pre-open at 9.02 am, the Sensex was down 341.92 points (0.57 percent) at the level of 59325.68. While the Nifty was down 137.10 points (0.77 percent) at 17611.50.

Sensex opened on the green mark on Tuesday

The stock market opened on the green mark on Tuesday. The Sensex opened at 60103.17 with a gain of 25.29 points or 0.04 percent. At the same time, the Nifty opened at the level of 17872.20 with a gain of 17.10 points (0.10 percent). 

The market closed on the red mark in the last session. 

In the last session, the stock market closed on the red mark after the day's volatility. There was a tremendous fall in the Sensex, which was continuously bullish. The Sensex closed at 59,667.60, down 410.28 points (0.68 per cent). On the other hand, the Nifty closed at 17,748.60, down 106.50 points (0.60 percent).