Market Trading At A Steep Decline, The Sensex Plunged 545 Points, Nifty Below 11000
Investors are selling into the market amid concerns about a worldwide restructuring to curb rising cases of corona virus infection and concerns about economic revival with a weak global outlook. With the withdrawal of foreign funds, the domestic stock market opened on the red mark on Thursday.
At 10.15 am, the Bombay Stock Exchange’s flagship index Sensex was trading at a level of 37123.27, down 545.15 points, or 1.45 percent. At the same time, the Nifty of the National Stock Exchange was trading at 10975 levels, down by 1.41 percent or 156.85 points.
In early trade, the Sensex was down 487.43 points (1.29) per cent to open at 37180.99 and the Nifty was down 135.50 points (1.22 per cent) to open at 10996.35.
Talking about veteran stocks, shares of all companies opened on the red mark today. Top losers include Zee Ltd, IndusInd Bank, Tata Motors, Hindalco, Sun Pharma, Infratel, Bharti Airtel, ONGC, Bajaj Finance and GAIL.
If we look at the sectoral index, today all sectors started on a decline. These include IT, PSU banks, realty, pharma, media, finance services, metal, auto, FMCG, banks and private banks.
During the pre-open at 9.10 am, the Sensex was down 386.24 points, or 1.03 per cent, to 37282.18. The Nifty was down 120.85 points, or 1.09 per cent, at 11011 level.
The market closed for the fifth consecutive day on the previous trading day. The Sensex was down 65.66 points to close at 37668.42, down 0.17 percent and the Nifty was down 0.20 percent (21.80 points) to end at 11131.85.
The Sensex-Nifty opened on the green mark on Wednesday. At 9.17 am, the Sensex was trading at 38031.17, up 297.09 points, or 0.79 percent. At the same time, the Nifty was up by 0.73 percent or 81.95 points at 11235.60.
News Source: Amarujala