Stock market off to weak start, BSE Sensex, NSE Nifty decline

Stock market off to weak start, BSE Sensex, NSE Nifty decline

New Delhi: On the first trading day of the week i.e. Monday the stock market opened on a shaky note. Both the BSE and the NSE saw a decline during opening trade on Monday morning. 

At the time of writing this report, the BSE Sensex was trading at 52,701.48 points, down 422.83 points or 0.74 per cent. Meanwhile, BSE Sensex as well as the NSE Nifty started the first trading day of the week with a weak note. During the opening trade on Monday, the NSE traded lower by 128.40 points, or 0.76 per cent, at 16,875.35 points.

Shares of only five companies POWERGRID, SUNPHARMA, DRREDDY, NTPC, and M&M were up in the Sensex Panc at 9:24 a.m. during Suh’s opening trade. Baki, TCS, ULTRACEMCO, LEST, HCLTECH, HINDUNILVR, WIPRO, HDFC, BHARTIARTL, TATASTEEL, RELIANCE, ITC, SBIN, TECHM, TICAN, MARUTI, ICICBANK. And shares of INDUSINDBK were trading with a red mark.

The state of the last closure

Last week, the stock market closed with a decline in its last trading. The BSE Sensex closed 191 points lower on Friday during the last close. The 30-share Sensex fell by 190.97 points, or 0.33 per cent, to close at 57,124.31 points in volatile trading. Similarly, the Nifty of National Stock Exchange fell by 68.85 points, or 0.40 per cent, to close at 17,003.75 points. 

NTPC was the biggest loser with Sensex falling nearly three per cent last week. In addition, Mahindra & Mahindra, Axis Bank, Powergrid, Kotak Bank, Dr. Reddy’s, Bajaj Finserv and HDFC were also at a loss. Meanwhile, shares of HCL Tech, Tech Mahindra, Wipro and Infosys saw gains.

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first published:Dec. 27, 2021, 9:53 a.m.

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