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The stock market had a normal start on Tuesday. Both Nifty and Sensex opened in the green but no major gains were seen. Nifty opened at 24,628 points at 9.33 am. An increase of 9.30 points was observed. While Sensex opened at 81,527.52 points and saw a rise of +19.06. The softening of China’s monetary policy stance after 14 years has strengthened the sentiment in Asian markets. An increase was also seen in gold and crude oil. However, the US market has slipped from record levels. Meanwhile, Revenue Secretary Sanjay Malhotra will be the new RBI Governor.
Growth was seen in pre-opening
There was a surge in the market in the pre-opening session. The Sensex was trading 72.51 points or 0.05 per cent up at 81,552.12 while the Nifty was trading at 24,635.05, up 16.05 points or 0.07 per cent.
There was a decline in the market on Monday
Let us tell you that on Monday a decline was seen in the domestic stock market and BSE Sensex fell by more than 200 points. Amid mixed sentiment globally, the market fell due to selling in major stocks like Reliance Industries, Hindustan Unilever, Axis Bank. In volatile trading, BSE’s 30-share major index Sensex fell 200.66 points and closed at 81,508.46 points. National Stock Exchange’s Nifty also fell by 58.80 points and closed at 24,619 points.
According to an expert, crude oil prices rose amid tensions in West Asia. Apart from this, retail inflation data is to be released in India and America this week and a meeting on monetary policy of the European Central Bank is going to be held. Due to this, investors have adopted a cautious attitude.
