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- Sensex opens with a fall of 534 points
- Nifty also gave a weak start of 169 points at 15754
There is an all-round sell-off in the stock market. The BSE Sensex and NSE Nifty are down around 0.70%. It has come below 52,800 while Nifty remains above 15,818. During trading, Sensex has fluctuated 315 points while Nifty has fluctuated by 100.
Nifty Mid Cap is almost half per cent weaker but Small Cap Index is up almost half per cent. In the sector index, both Nifty Banking and Financial are weak by over one per cent. The realty index has jumped more than one percent.
Market pressure is being created due to selling in HDFC Bank, HDFC, IndusInd Bank, Kotak Bank, Axis Bank, ICICI Bank, Bajaj Auto. It is getting support for buying in NTPC, HCL Tech, Tech Mahindra, Bharti Airtel, RIL, Adani Ports, Tata Consumer, Wipro, BPCL.
The domestic stock market gave a very weak start to the first trading day of the week amid weak trends in foreign markets. The BSE Sensex opened at 52,606, down 534 points. NSE Nifty also gave a weak opening of 169 points. During trading, Nifty went down 20 points from the opening point at 15,735. The Sensex went up to 52,506 with a dive of 100 points from the open level.
On Friday, the stock market closed with a slight decline due to selling at higher levels. The Sensex was down 18.79 points at 53,140 and the Nifty was down 0.80 points at 15,923. The Sensex went to a fresh record high of 53,290.81 and the Nifty 15,962.25 during early trading.
Selling in Asian Markets
Today there is a huge fall in the markets of Asia. Japan’s Nikkei is down more than one percent. China’s Shanghai Composite is down about 0.30%. Hong Kong’s Hang Seng is down more than 2%. Korea’s Kospi and Australia’s All Ordinary are down nearly one per cent.
Fall in America and Europe
US markets fell sharply on Friday. The Dow Jones closed down 0.86%. Nasdaq closed with a loss of 0.80%. The S&P 500 lost 0.75%. There was also a trend of weakness in Europe. Britain’s FTSE index was down 0.06%. France’s CAC fell 0.51%. Germany’s DAX was down 0.57%.
FII and DII data
According to provisional data available on the NSE, on Friday, July 16, foreign institutional investors (FIIs) sold shares worth a net Rs 466.3 crore. That is, the shares worth more rupees were sold than the shares bought for Rs. Domestic Institutional Investors (DIIs) had bought shares worth a net Rs 666.07 crore yesterday.
9.57 AM All-round selling is happening in the market. More or less all sector indices are in the red.
9.45 am There is a fall in 23 stocks amid heavy selling in the stock market.