जोगेन्द्र सिंह शेखावत
Decline in Sensex and Nifty
The Indian stock market opened with a decline this Thursday. The Bombay Stock Exchange index, Sensex, opened at 72,192, down by 288 points.
At 9:25 AM, it was trading at 72,255, down by 0.30 percent or 220 points.
Sensex Drops 288 Points, Heavy Selling in Auto and Cement
The Indian stock market opened in the red on Thursday. Both Sensex and Nifty recorded declines, with the auto sector being the most affected.
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HIGHLIGHTS
- Sensex opened at 72,192, down by 288 points.
- Nifty Auto Index saw a major decline of 2.88 percent in early trade.
- Bajaj Auto shares recorded a drop of nearly 6 percent.
- Buying interest was seen in some IT and banking sector stocks.
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Out of 30 shares in the Sensex pack, 8 shares were trading in the green and 22 shares in the red.
The National Stock Exchange index, Nifty-50, is currently trading at 22,544, down by 0.35 percent or 76.60 points.
Selling in Auto and Cement Stocks
A major decline was seen in the auto sector during early trade. At 9:40 AM, the Nifty Auto Index was trading with a decline of 2.14 percent.
Nifty Cement Index recorded a decline of 1.97 percent and Nifty Metal fell by 1.03 percent.
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Additionally, Nifty Media was down by 1.52 percent, Nifty Realty by 0.85 percent, and Nifty Oil & Gas by 0.79 percent.
Buying Seen in These Sectors
Amidst the market decline, some sectors saw growth. Nifty IT recorded a gain of 0.97 percent.
Nifty Private Bank saw a slight increase of 0.84 percent and Nifty PSU Bank rose by 0.09 percent.
Top Gainers and Losers
Among Nifty-50 stocks, Kotak Mahindra Bank was trading at Rs 432.60, up by 3.74 percent.
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Infosys saw a rise of 1.43 percent, Tata Consumer Products 1.22 percent, and HDFC Life 1.20 percent.
On the other hand, Bajaj Auto fell by 5.96 percent to Rs 10,226.00.
Grasim Industries recorded a decline of 2.68 percent, Mahindra & Mahindra 2.43 percent, and Shriram Finance 2.10 percent.
UltraTech Cement was trading down by 1.83 percent and Maruti Suzuki by 1.89 percent.
Disclaimer: This article is for information purposes only. It is not investment advice. Investing in the stock market is risky.
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