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Share Market: Slowdown in the stock market, Nifty above 17,300, banking stocks rise

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Flat opening in the stock market, Nifty above 17,300.

Mumbai:

Lethargy continues in the domestic stock markets on Wednesday i.e. September 8, 2021 as well. The market has a flat opening today. However, banking stocks have gained today. Shares of Bharti Airtel, HDFC, Reliance, HDFC Bank, ITC and IndusInd Bank registered gains, but the fall in Infosys, TCS, Axis Bank and HCL Tech equaled the gains and losses in the market. In the opening, the Sensex rose 9.12 points or 0.02% to open at 58,288.60. At the same time, Nifty opened at 17,349 with a jump of 13.10 points i.e. 0.08%.

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At 9.59 in the morning, the Sensex was registering a gain of 0.63 points i.e. 0.0011% and the index was registering at 58,280.11. At the same time, Nifty was at the level of 17,364.50 with a gain of 2.40 points i.e. 0.014%.

Only 10 shares of BSE Sensex opened in green mark, while 20 shares were open in red mark. IndusInd Bank recorded the highest gain. On the other hand, Hindustan Unilever, Bharti Airtel, Altatech Cement and Asian Paint were leading. On the other hand, PowerGrid, Infosys, Maruti, Tata Steel and HCL Tech were the biggest losers.

The banking index had registered a good rally, while the IT and pharma sectors were under pressure. Midcap and smallcap indices were also on the rise today.

If we talk about Asian markets, the fear of impact on growth amid strong dollar, investors appeared in a risk aversion mood. Asian market shares remain close to the high of six weeks. MSCI recorded a fall of 0.13 per cent.

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