Newz of Day
Business economics International National World

Weak start of stock market

Weak start of stock market

The Mumbai stock market has also started its weakest on Tuesday, the second trading day of the week. In the morning, along with negative signals from around the world, the market fell for the second day due to the fall in the shares of banking, energy and information technology companies. The BSE Sensex lost about 150 points during early trade. The BSE Sensex is down 147.66 points, down 0.40 percent to 36,975.65 points, and the NSE Nifty is down 43.30 points to 0.39 percent at 10,960.20 points. On the first trading day, the market closed down after a weak start.

The Mumbai stock market has also started its weakest on Tuesday, the second trading day of the week.

Weak start of stock market

Tech Mahindra, HCL Tech, Hero MotoCorp, Axis Bank, HDFC, Bharti Airtel, Mahindra & Mahindra, TCS, Tata Motors, ICICI Bank, etc. declined by 1.86 per cent during morning trading. On the other hand, Vedanta, Yes Bank, Asian Paints, Tata Steel, ONGC, SBI and IndusInd Bank gained 2.22 per cent. Foreign portfolio investors sold Rs 751.26 crore on the previous trading day, while domestic institutional investors bought Rs 308.56 crore. Investor sentiment is believed to have weakened after the uncertain geopolitical situation and increasing US-China trade tensions and worsening global economic conditions following drone attacks on oil wells in Saudi Arabia. Also, there is a sense of disappointment in the market and investors have kept distance.

 

Related posts

Rani Mukherjee is coming to warn the public in ‘Mardaani 2’

Publisher

Air India trouble increased, if not found buyer will be closed in 6 months!

Publisher

Jai Mummy Di is an upcoming Indian romatic comedy film

Publisher

Leave a Comment