Stock Market Opening: Market opens on decline, Sensex slips 62 points below 59650, Nifty opens above 17500
Stock Market Opening: Today, the increase in the repo rate in the credit policy of RBI and the sluggishness of the American markets yesterday have made the Indian stock markets to open on a decline today.
Stock Market decline
Stock Market Opening: Today the Indian stock market has started with a decline. The Reserve Bank of India will announce its monetary policy today and there is a possibility of increasing the repo rate by 0.25 percent under the policy interest rates. Due to this apprehension, there is some fear for the market because in the era of rising interest rates, another rate hike can have a negative impact on investors' sentiment. Due to this, the stock market has started at a slightly lower level.
How did the market open today?
Today, at the beginning of the market, the BSE Sensex opened at a level of 59,627.01 with a decline of 62.30 points i.e. 0.10 per cent. On the other hand, NSE's Nifty has opened at the level of 17,533.85 after a fall of 23.20 points i.e. 0.13 per cent.
Movement of Sensex and Nifty shares?
This morning, 5 minutes after the market opened, at 9.20, only 9 out of 30 Sensex stocks were trading fast. 21 stocks are trading with a fall. Apart from this, 18 out of 50 stocks of Nifty are trading with a boom and 32 stocks are registering a decline.
Nifty's sectoral index move?
Today, only Auto, Media, Healthcare, Pharma and Oil & Gas stocks are up in the sectoral index and all other indices are trading with a red mark of decline. IT shares are trading today with the biggest decline of 0.41 per cent. FMCG shares are seeing a decline of 0.40 percent.
What is the store in Sensex stocks today?
Today the maximum jump of 1.06 percent is being seen in Reliance Industries. SBI is up 0.63 per cent and L&T is up 0.55 per cent. Apart from these, IndusInd Bank, PowerGrid and Sun Pharma are also trading strongly in the green.