Sunday , November 24 2024

Domestic stock market fell under global pressure, big decline in Sensex and Nifty

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New Delhi, August 2 (HS). The attack on Israel by Hezbollah has affected the stock markets around the world. The Indian market is also seen trading down today due to this geo-political tension. This is the situation when just a day ago on Thursday, the domestic stock market had succeeded in reaching a record high. But due to geo-political tension, today's trading started with a big fall. After the first 1 hour of trading, the Sensex was trading with a decline of 0.89 percent and the Nifty with a decline of 0.92 percent.

After the first 1 hour of trading, among the stock market's big stocks, shares of Hindustan Unilever, HDFC Bank, Dr. Reddy's Laboratories, Apollo Hospital and Tata Consumer Products were trading with a strength of 1.07 percent to 0.50 percent. On the other hand, shares of Tata Motors, Tata Steel, Maruti Suzuki, Eicher Motors and ONGC were seen trading with a decline of 2.99 percent to 2.34 percent.

Till now, there was active trading in 2,163 stocks in the stock market. Out of these, 605 stocks were trading in the green zone by making profit, while 1,558 stocks were trading in the red zone by suffering loss. Similarly, out of 30 stocks included in Sensex, 3 stocks remained in the green zone with buying support. On the other hand, 27 stocks were trading in the red zone due to selling pressure. While out of 50 stocks included in Nifty, 6 stocks were seen trading in the green zone and 44 stocks in the red zone.

The BSE Sensex today opened at 81,158.99 points, down 708.56 points. As soon as the trading started, buyers tried to put in a lot of effort, due to which the index managed to recover marginally and reach 81,345.60 points. But after this, all-round selling started, due to which the index fell by more than 870 points to reach 80,995.70 points. After the first 1 hour of trading amid continuous buying and selling in the market, at 10:15 am, the Sensex was trading at 81,135.60 points with a weakness of 731.95 points.

Like the Sensex, the NSE Nifty also started trading today with a weakness of 221.90 points at the level of 24,789 points. As soon as the market opened, due to slight support of buying, this index was able to jump and reach 24,851.90 points. But after this, due to the selling pressure, this index once again fell to a big decline and fell to 24,723.70 points. After the initial 1 hour of trading amid continuous buying and selling in the market, at 10:15 am, Nifty was trading at the level of 24,781.005 points, down by 229.85 points.

Earlier on the last trading day, Thursday, the Sensex closed at 81,867.55 points with a gain of 126.21 points or 0.15 percent. On the other hand, the Nifty ended Thursday's trading at 25,010.90 points with a gain of 59.75 points or 0.24 percent.