The domestic stock market on Tuesday started with a major decline. The BSE Sensex was trading at the level of 81,666.64 with a major decline of 509.81 points at 9.22 am. In addition, NSE Nifty was also trading at the level of 24,858.50, down 142.65 points. The Nifty Bank was also at a level of 55,330.45, falling 241.55 points.
The sectoral index was mostly in red mark during early trade. The biggest decline came in the Nifty IT, which remained 1 percent below. After this, the Nifty Private Bank and Nifty Bank fell by 0.7 percent. Nifty FMCG, PSU Bank and Oil & Gas saw a slight decline of 0.5 percent.
These stocks upset
The companies involved in the Sensex were two stocks living in green in early trade and State Bank of India. IndusInd was the highest profit with a jump of more than 0.56 percent. On the other hand, stocks such as NTPC, HCL Tech, Mahindra & Mahindra, TCS and Eternal were in the red mark until the news was written, NTPC declined by about 1.09 percent.
Investors alert before data
According to PTI news, experts reported that investors have become alert before the release of industrial and manufacturing production figures of April and the GDP of the first quarter to be announced early this week on Wednesday.
Today’s trend in Asian markets
In the Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite Index and Hong Kong’s Hong Seng were trading in negative areas. The American markets were closed on Monday for Memorial Day. VK Vijaykumar, the main investment strategist at Geojit Investment Limited, said the market is likely to be conceived around the current levels in the near future.
According to exchange data, foreign institutional investors (FIIs) on Monday bought shares worth Rs 135.98 crore. Global oil benchmark Brent crude fell by 26 percent to $ 64. 57 per barrel.
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