Stock Market : Three-day bullish streak broken, Sensex-Nifty closed on the red mark
Today, on the second trading day of the week i.e. Tuesday, the stock market closed on the red mark after the day's ups and downs. The Bombay Stock Exchange's flagship index Sensex closed at 58,279.48, down 17.43 points (0.03 percent). On the other hand, the Nifty of the National Stock Exchange closed at 17,362.10 with a slight decline of 15.70 points (0.09 percent). The Sensex had gained 2,005.23 points or 3.57 percent in the previous week.
This week these factors will decide the direction
According to analysts, the market is expected to remain positive this week as well. However, there may be some profit-booking in the market due to higher valuations. The direction of the market will be largely determined by the global trend. It is to be known that markets will remain closed on Friday on Ganesh Chaturthi. At the same time, due to the revival of the economy and vaccination, the market is also expected to remain bullish. According to analysts, volatility in the rupee, Brent crude oil prices, and investment stance by foreign institutional investors will also affect the market.
Such was the condition of giant stocks
Talking about the big stocks, after the day's trading, the shares of Bharti Airtel, HDFC, Grasim, ITC, and IndusInd Bank closed on the green mark. On the other hand, shares of Hindalco, BPCL, Sun Pharma, Wipro, and Axis Bank closed on the red mark.
Keeping an eye on the sectoral index
Looking at the sectoral index, today FMCG, Finance Service, and Media closed on the green mark. On the other hand, banks, private banks, PSU banks, pharma, auto, realty, metal and IT closed on the red mark.
The market was open on the green mark in the early trade
The stock market opened on the green mark in early trade. The Sensex opened at 58408.85 with a gain of 111.94 points (0.19 percent). Nifty opened at 17406.70 with a gain of 28.90 points (0.17 percent).
Sensex-Nifty closed at a record level on Monday
On Monday, the stock market closed on the green mark after the day's volatility. The Sensex closed at 58,296.91 with a gain of 166.96 points (0.29 percent). On the other hand, Nifty closed at 17,377.80 with a gain of 54.20 points (0.31 percent).