“Morning shows the day”- This proverb didn't apply to the nation's stock market on Monday. The first trading session of the week had started well on Dalal Street following six days of decline. This had given both market analysts and investors hope. By the time the market opened, the Sensex had risen 400 points. Over 0 percent of the Nifty50 had increased.
However, this growth proved ephemeral. Before the market's close, the graphs of both Sensex and Nifty50 plunged back into the red zone. Consequently, the country's stock market's two benchmark indices witnessed a decline for the seventh consecutive trading session.
On Monday, the Sensex fell by 0.07 percent or 61.52 points. Following this decline, the Bombay Stock Exchange's primary index stands at 80,365 points. Nifty50 points decreased by 0.08 percent or 19.80 points on Monday. After this fall, the National Stock Exchange's main index rests at 24,635 points. Nevertheless, in this climate, the mid-cap index on the Bombay Stock Exchange saw a 0.34 percent increase. However, the small-cap index experienced a 0.17 percent decline.
Among the sectoral indices, a mixed performance was observed. Sectoral indices such as PSU Bank, Oil and Gas, Realty, Capital Market, Energy, Metal, and FMCG saw growth. Conversely, sectoral indices like Nifty IT, Pharma, and Private Banks witnessed a decrease in points.
Among the stocks listed on the Nifty50 index, Maruti Suzuki India, Axis Bank, Dr. Reddy's Laboratories, HDFC Life, and Eicher Motors experienced the most significant share price declines. On the other hand, IndusInd Bank, Titan, Hindalco Industries, State Bank of India, and Wipro saw the highest increases among the stocks listed on the Nifty50 index.
(Ei Samay Online does not provide investment advice anywhere. Investments in the share market or any other sector are subject to risk. Prior to investing, thorough research and expert advice are recommended. This news is published for educational purposes and to raise awareness.)
