Stock Market Weak Start On The Occasion Of Akshaya Tritiya
Stock Market weak start on the occasion of Akshaya Tritiya. These stocks saw a boom today, otherwise stock market start was weak on Akshaya Tritiya.
Akshaya Tritiya Share Market started with a loss on 2021. Sensex opened 61 points down at 48,629. 14 stocks including ASIAN PAINT, ITC moved up.
Mahindra and TCS share in the loss. On the other hand, Nifty also opened 14 points down at 14,681.Earlier, the stock market was closed on Thursday on the occasion of Eid.
In such a situation, there is no business in both BSE or NSE. As per information provided by bseindia.com, the official website of BSE, India share market remained closed for all equity segments, equity derivative segments, and SLB segments.
On Wednesday, the stock markets were down for the second consecutive day, causing the Sensex to fall by 471 points and the Nifty to fall below the 14,700 marks.
The index came down on concerns of rising interest rates in global markets due to heavy selling in stocks of banks and financial companies and rising prices of consumer commodities.
The 30-share Bse Sensex lost 471.01 points, or 0.96 percent, to close below the 49 thousand marks at 48,690.80. Similarly, the Nifty of the National Stock Exchange also fell by 154.25 points, or 1.04 percent, to close at 14,696.50.
Indusind bank losses.
IndusInd Bank lost more than 3 percent of Sensex shares. Besides, shares of HUL, ONGC, ICICI Bank, Axis Bank, Kotak Bank, Mahindra & Mahindra, Ultra Tech Cement, and Tech Mahindra declined.
On the other hand, Titan, Maruti, PowerGrid, SBI, NTPC, Dr. Reddy, and L&T were the major gainers. They rose up to 4.60 percent.
These stocks rise.
According to Vinod Nair, head of research at Geojit Financial Services, the index came down on concerns of rising interest rates and bond profits in the global market due to rising prices of consumer commodities.
Precious metals including all major Sensex closed down, while public sector banks and media stocks continued to rise.
Vinod Modi, strategy head, Reliance Securities, also said that around 3.5 lakh cases of corona infection have been reported in the country daily.
But investor sentiment has been affected due to high positive rates and rising cases in rural areas.
The decline in Metal, Banking, Oil & Gas Index.
During this period, the index of energy and finance group including Metal, Banking, Oil & Gas of BSE fell by 3.22 percent while the auto index saw again.
The midcap and smallcap indices of BSE also fell by 0.90 percent during this period.
Other Asia markets saw gains in Shanghai and Hong Kong, while Tokyo and Seoul declined. Europe’s main markets had a mixed trend in mid-business.
