Despite a strong start for the Indian stock market, major stocks like SBI Life, HDFC Life, and Jio Financial registered a decline.
The Indian stock market has started strongly in the green today. A buying atmosphere prevails on both major exchanges, BSE and NSE.
The BSE Sensex began trading with a gain of 203 points, while the NSE Nifty opened with a rise of 63 points.
However, despite this positive start, several major stocks in the insurance and financial services sectors have seen a decline.
The top declining stocks include SBI Life, HDFC Life, Jio Financial, Bajaj Finserv, and Eternal Limited.
These major Nifty-50 stocks saw pressure during early trading. Let's take a look at the performance of these shares.
SBI Life's share registered a decline this morning. At 9:35 AM, the share was trading at ₹1,827.60, down by 2.08% or ₹38.80.
Looking at its past performance, the stock has given a return of -0.01% in the last 1 week, 3.05% in 1 month, and -0.41% in 1 year.
Weakness was also seen in the shares of HDFC Life Insurance today. At 9:41 AM, its share was trading at ₹558.90, down by 1.73% or ₹9.85.
This stock has given a return of 1.06% in the last 1 week, -2.91% in 1 month, and -26.23% in 1 year.
Eternal Limited's share also saw a slight fall. At 9:45 AM, its share was seen trading at ₹293.20, down by 0.54% or ₹1.60.
The company's stock has given a return of 0.26% in the last 1 week, 15.62% in 1 month, and 11.76% in 1 year.
Jio Financial Services' share also had a downward trend today. At 9:49 AM, the share was trading at ₹235.18, down by 0.60% or ₹1.41.
This stock's return for the last 1 week is 0.67%, for 1 month is -2.90%, and for 1 year is -26.48%.
Bajaj Finserv's share is also trading in the red today. At 9:51 AM, the share was seen trading at ₹1,839.60, down by 0.54% or ₹10.
This stock has given a return of -2.93% in the last 1 week, 2.92% in 1 month, and -9.65% in 1 year.
*Edit with Google AI Studio
जोगेन्द्र सिंह शेखावत
