बलजीत सिंह शेखावत
Sensex and Nifty Early Performance
The Indian stock market had a very slow and flat start to trading on Wednesday.
Following the heavy gains seen on Tuesday, investors adopted a cautious approach today.
Sensex Opens at 73,049, Nifty Drops 30 Points
The Indian stock market witnessed a sluggish start on Wednesday. BSE Sensex opened with a minor gain of 16 points at 73,049, while NSE Nifty saw a decline of 30 points.
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HIGHLIGHTS
- Sensex opened at 73,049.76 with a minor gain of 16 points.
- NSE Nifty traded at 22,691, down by 0.13% or 30 points.
- TCS, Infosys, and HCL Tech saw gains in early trade.
- Bajaj Finance and M&M were among the top losers in the market.
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The BSE Sensex opened with a minor gain of only 16 points at 73,049.76.
During early trade at 9:24 AM, it was seen trading with a gain of just 15 points.
Status of Sensex Pack Shares
Out of the total 30 shares in the Sensex pack, 15 shares were seen trading in the green.
Meanwhile, the remaining 15 shares were trading in the red, reflecting market uncertainty.
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The NSE Nifty was trading at 22,691, down by 0.13% or 30 points.
Top Gainers and Losers of Sensex
A mixed trend was observed in the Sensex pack shares until 9:40 AM.
IT sector giants tried to support the market in the early session.
Major Shares with Decline
On the other hand, selling pressure was clearly visible in some major stocks.
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Bajaj Finance and Sun Pharma recorded the highest decline in early trade.
- Bajaj Finance
- Sun Pharma
- Larsen & Toubro (L&T)
- Mahindra & Mahindra (M&M)
- Bajaj Finserv
Bullish Trend in Nifty-50 Shares
Buying interest was seen in several shares on the National Stock Exchange (NSE) until 9:50 AM.
TCS shares were at the top, trading at Rs 2,322.40 with a gain of 2.88%.
Infosys shares saw a rise of 2.40% and reached the level of Rs 1,087.60.
Nestle India and Coal India shares also recorded jumps of 2.33% and 2.20% respectively.
Tata Consumer Products, Kotak Mahindra Bank, and HCL Technologies were also among the gainers.
Major Losers in Nifty
Selling pressure continued in some Nifty shares until 9:55 AM.
Shriram Finance shares saw the highest decline of 1.95% and stood at Rs 968.75.
Sundaram Finance and Dr. Reddy's Laboratories shares were also trading with a weakness of about 1%.
Bajaj Finance, Cipla, Eicher Motors, and Max Healthcare shares also showed a downward trend.
Hindalco Industries, Larsen & Toubro, and Mahindra & Mahindra shares were also trading in the red.
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