New Delhi, March 26 (HS): The domestic stock market appeared to be under pressure during early trading today. The trading began with a slight gain. After the market opened, thanks to buying support, both the Sensex and Nifty indices were initially on an upward trend, but after the first 10 minutes of trading, selling began. As a result of this selling, both indices plunged into the red. By 10 AM, the Sensex was trading down 0.08 percent and the Nifty down 0.03 percent.
After 10 AM, among the prominent stocks in the stock market, shares of IndusInd Bank, Power Grid Corporation, Bajaj Finserv, BPCL, and Hindalco Industries were trading with gains ranging from 1.99 percent to 0.50 percent. On the other hand, shares of Dr. Reddy’s Laboratories, Trent Limited, Tech Mahindra, Bajaj Auto, and Maruti Suzuki were trading with declines ranging from 1.39 percent to 0.79 percent.
In the trading so far, 2,453 shares were actively traded in the stock market. Out of these, 861 shares were trading in the green, making profits, while 1,592 shares were trading in the red, incurring losses. Similarly, among the 30 shares included in the Sensex, 11 shares were in the green due to buying support, while 19 shares were trading in the red under selling pressure. In the Nifty, out of the 50 shares, 19 were trading in the green and 31 were in the red.
The BSE Sensex opened today at 78,021.45 points with a symbolic gain of 4.26 points. As soon as trading began, supported by buying, the index jumped to 78,167.87 points, but after the first 10 minutes of trading, profit-taking led to selling. Due to this selling, the index quickly plunged into the red. However, shortly after, buyers put in more effort, which improved the situation of the index. Amidst continuous buying and selling in the market, by 10 AM, the Sensex was trading down 62.54 points at the level of 77,954.65 points.
Like the Sensex, the NSE’s Nifty started trading today with an increase of 32.30 points at the level of 23,700.95 points. As soon as the market opened, supported by buying, the index jumped to reach 23,736.50 points, but shortly after, selling began in the market. Due to this selling, the index fell into negative territory. However, after a while, buyers made another effort, which led to an improvement in the index’s position. After ongoing buying and selling in the market, by 10 AM, the Nifty was trading
a level of 23,662.50 points, down by 6.15 points.
Previously, on the last trading day, Tuesday, the Sensex closed at 78,017.19 points, up by 32.81 points or 0.04 percent. Meanwhile, the Nifty ended Tuesday’s trading at 23,668.65 points, up by 10.30 points or 0.04 percent.
Hindusthan Samachar / Jun Sarkar
