look news india
The second day of the trading week also started with a fall in the stock market. Both Sensex and Nifty opened in the red. Talking about market opening at 9.30 am, Sensex opened 244.32 points down at 81,504.25 while Nifty opened 77.35 points down at 24,590.90.
Which stock is up and down?
The market had a weak start for the second consecutive day on Tuesday. The effect of rupee reaching record low against dollar and selling in global markets is visible on the Indian market. If we look at the declining stocks, big ones like SUNPHARMA, HINDUNILVR, TITAN, ADANIPORTS, HDFCBANK are included. Whereas TATAMOTORS, SUNPHARMA, TECHM, TCS and ICICIBANK are seeing slight growth. Investors are adopting a cautious approach in the last month of the year and before the announcements by the US Federal Reserve.
Why are global markets soft?
Let us tell you that amid the weak global trend, the domestic stock market declined on Monday and BSE Sensex closed 384 points lower. Investor sentiment was hit by selling pressure in metal and IT stocks amid rupee depreciation and weak economic data from China. BSE’s 30-share Sensex fell 384.55 points to close at 81,748.57. National Stock Exchange’s Nifty also fell 100.05 points and closed at 24,668.25 points. According to market experts, the US central bank Federal Reserve will decide on the policy rate this week. Keeping this in mind, investors adopted a cautious approach due to which the global markets remained soft.