New Delhi, May 7 (HS): The domestic stock market faced pressure during early trading today, starting with a significant decline. However, initial buying support led to a recovery before selling pressure returned, causing both the Sensex and Nifty indices to fall again.

After the first hour, the Sensex saw a decline of 0.32 percent, while the Nifty was down 0.33 percent. Major companies like Tata Motors, Power Grid Corporation, and HDFC Life traded positively, increasing between 2.55 percent and 0.26 percent. Conversely, stocks like Asian Paints, Grasim Industries, and Ultratech Cement experienced losses ranging from 1.74 percent to 1.11 percent.

In total, 2,398 shares were actively traded, with 705 in the green (making profits) and 1,693 in the red (incurring losses). Among the 30 Sensex shares, only 7 were performing well, while 23 faced declines.

Similarly, in the Nifty, 12 out of 50 shares were in the green, with 38 in the red. The BSE’s Sensex opened at 79,948.80, down by 692.27 points, but rose to 80,144.63 within the first 20 minutes due to buying momentum.

Unfortunately, this uptrend was short-lived, and by 10:15 AM, the Sensex was at 80,385.22, down 255.85 points. The Nifty began at 24,233.30 (down 146.30 points), surged briefly to 24,449.60 points, but fell back to 24,298.95 points (down 80.65 points) by 10:15 AM. On the previous trading day, the Sensex ended at 80,641.07, while the Nifty closed at 24,379.60.

Hindusthan Samachar / Jun Sarkar