New Delhi, April 24 (H.S.) : After showing strength for seven consecutive days, the domestic stock market appears to be facing profit booking pressure during today’s early trading. Today’s trading began with a slight decline. After the market opened, supported by buying, both the Sensex and Nifty indices briefly reached the green mark, but soon after, due to selling pressure, both fell back into the red. After the first hour of trading, the Sensex was trading down 0.15 percent and the Nifty was down 0.14 percent.
In the early trading of the first hour, shares of major stocks in the stock market, such as IndusInd Bank, Nestle, Tech Mahindra, Cipla, and Dr. Reddy’s Laboratories, were : with increases ranging from 3.04 percent to 0.54 percent. On the other hand, shares of Tata Consumer Products, Bharti Airtel, Eternal, Shriram Finance, and ICICI Bank were seen trading with declines ranging from 2.80 percent to 0.98 percent.
So far in trading, 2,391 shares were actively traded in the stock market. Among these, 1,493 shares were trading in the green, making a profit, while 898 shares were trading in the red, incurring losses. Similarly, out of the 30 shares included in the Sensex, 16 shares were supported by buying and remained in the green. On the other hand, 14 shares were trading in the red under selling pressure. In the Nifty, out of 50 shares, 24 were in the green, while 26 were in the red.
The BSE’s Sensex opened today at the level of 80,058.43 points, down by 58.06 points. As trading began, a tug-of-war started between buyers and sellers, which led to fluctuations in this index’s movement. Supported by buying, the index jumped to a level of 80,173.92 points. However, due to selling pressure, it also dipped to a level of 79,829.11 points. Amid the continuous buying and selling in the market, after the first hour of trading, at 10:15 AM, the Sensex was trading at 79,999.39 points, down by 117.10 points.
Similarly, the NSE’s Nifty started trading today down by 51.05 points at 24,277.90 points. As the market opened, bulls and bears began trying to dominate each other, causing the index to fluctuate continuously. Supported by buying, this index reached a high of 24,347.85 points in the green territory. Likewise, due to selling pressure, it fell to a low of 24,239.45 points in the red. Following the continuous buying and selling in the market, by 10:15 AM, after the initial hour of trading, Nifty was trading at 24,295.80 points, down by 33.15 points.
Earlier, on the last trading day, Wednesday, the Sensex closed at 80,116.49 points, gaining 520.90 points or 0.65 percent. Meanwhile, the Nifty ended Wednesday’s trading with a jump of 161.70 points or 0.67 percent at 24,328.95 points.
Hindusthan Samachar / Jun Sarkar
