New Delhi, March 12 (HS) The domestic stock market appears to be under pressure during early trading on Wednesday. The trading began today with a slight strength. However, shortly after the market opened, selling pressure emerged, causing a decline in both the Sensex and Nifty indices. After the first hour of trading, the Sensex was down 0.28 percent and the Nifty was down 0.33 percent.
After the initial hour of trading, some of the blue-chip stocks in the stock market, including IndusInd Bank, Tata Motors, BPCL, Kotak Mahindra, and HDFC Bank, saw gains ranging from 4.53 percent to 1.47 percent. On the other hand, shares of Infosys, Wipro, HCL Technologies, TCS, and Dr. Reddy’s Laboratories were trading down between 3.56 percent and 1.69 percent.
So far in trading, 2,427 shares were actively traded in the stock market. Of these, 1,149 shares were trading in the green, making profits, while 1,278 shares were trading in the red, incurring losses. Similarly, among the 30 shares included in the Sensex, 13 shares were supported by buying and remained in the green. Conversely, 17 shares were trading in the red under selling pressure. Among the 50 shares included in the Nifty, 19 were in the green and 31 were in the red.
The BSE Sensex opened today at a level of 74,270.81 points with a gain of 168.49 points. As soon as trading began, selling pressure emerged, causing this index to lose all its gains and fall into the red. However, buyers continued to attempt to create buying momentum intermittently. Despite this, the selling pressure was so significant that the weakness of the index continued to increase. Amidst the ongoing buying and selling in the market, after the first hour of trading, at 10:15 AM, the Sensex was trading at 73,894.09 points, down by 208.23 points.
Similar to the Sensex, the NSE’s Nifty opened today with a jump of 38.45 points at the level of 22,536.35 points. However, as soon as the market opened, selling pressure began, causing this index to quickly drop into the red. After the first 15 minutes, buyers attempted to build up momentum, leading to a minor recovery in the index’s movement. However, it wasn’t long before sellers regained pressure, further increasing the index’s weakness. After an hour of continuous buying and selling in the market, at 10:15 AM, the Nifty had fallen by 73.65 points, trading at the level of 22,424.25 points.
Prior to this, on the last trading day, Tuesday, the Sensex closed down 12.85 points, or 0.02 percent, at the level of 74,102.32 points. The Nifty ended Tuesday’s trading with a rise of 37.60 points, or 0.17 percent, at the level of 22,497.90 points.
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Hindusthan Samachar / Jun Sarkar
