Wednesday , December 25 2024

Stock market opens in red, Sensex at 78,427 points

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On Tuesday, there was once again a decline in the stock market. The stock market opened in the red. At 9.34 am, the Sensex opened 113 points down at 78,427. While Nifty opened with a fall of 34.15 points at 23,719 points.

The market was in the green at 9.30

BSE’s 30-share major index Sensex opened today with a gain of 167 points at 78,707.37. It had closed at 78,540.17 in the last trading session. At 9:30 am, the Sensex was trading at 78,598, up 58.77 points or 0.07%. Similarly, Nifty-50 of National Stock Exchange (NSE) also opened with a positive trend at 23,769.10 points.

In the last trading session (23 December), foreign investors (FIIs) had withdrawn Rs. Rs 168.71 crore were withdrawn while domestic investors pulled out Rs. Equity purchase of Rs 2,227.68 crore. In the last trading session, key benchmark indices BSE Sensex and Nifty 50 ended in the green, snapping their five-day losing streak. The 30-share BSE Sensex closed 0.64 per cent or 498.58 points higher at 78,540.17, while the NSE Nifty 50 gained 0.95 per cent or 165 points at 23,753.45.

What signals from global markets?

In Asian markets, Hong Kong’s Hang Seng index and China’s Shanghai Composite index were trading in the green while Japan’s Nikkei index slipped 0.33%. At the same time, American stock markets closed with gains on Monday.

Zomato joins benchmark of 30 stocks

Besides, online food delivery company Zomato on Monday became the first new-age company to join the prestigious 30-share benchmark Sensex, replacing JSW Steel.