look news india
The last day of the week is not looking good for the local stock market. The fall in global markets affected both the major domestic stock indices Sensex and Nifty in early trade today. Most major stocks, including IT stocks, declined in early trade.
Both the key domestic indices started trading almost flat at 9:15 am but soon fell. At 9.20 am, the Sensex fell by about 80 points and fell below the 81,000 mark. The Nifty 50 index was down 10 points at 24,800 points.
How was the pre-open session?
The market was in the green zone in the pre-open session. The Sensex rose by about 115 points to cross 81,165 points while the Nifty rose by about 35 points to trade around 24,845 points. However, the Nifty futures in GIFT City were trading in red. The Nifty futures closed at 24,830 points with a discount of about 10 points.
The market was in huge profit on Thursday
Earlier on Thursday, the local stock market saw a marginal rise. In yesterday's trade, the Sensex was up 147.89 points (0.18%) at 81,053.19 points. Similarly, after the end of trading, the Nifty closed at 24,811.50 points with a marginal rise of 41.30 points (0.17%).
There was a huge drop in the US market yesterday
US markets ended in losses on Thursday. On Wall Street, the Dow Jones Industrial Average was down 0.43 percent. Similarly, the S&P 500 was down 0.89 percent and the Nasdaq Composite Index was down 1.67 percent. Asian markets are trading mixed today. Japan's Nikkei was up 0.2 percent while the Topix was up 0.32 percent. However, Hong Kong's Hang Seng is showing signs of an early decline.
Position of big stocks in early trade
In early trade, except for 9 major shares of Sensex, all were in loss. Shares of the second largest IT company Infosys fell the most by 0.76 percent. Tech Mahindra lost 0.42 percent and TCS lost 0.29 percent. Shares like NTPC, Asian Paints, Tata Steel also declined. On the other hand, Tata Motors rose by more than 1 percent. The largest share Reliance Industries also rose by about 1 percent.
