Share Market: The stock market became sluggish at the beginning of the September series, showing a decline after flat opening
The beginning of a new series in the stock market on a flat note.
Mumbai:
The September Futures and Options series in the domestic stock market has started on a flat note on Friday, August 27, 2021. Both the benchmark indices had a flat opening due to mixed signals from the global market. Investors are cautious ahead of the much-awaited speech of US Federal Reserve Chairman Jerome Powell, due to which the market is showing softness. After the market opened, the Sensex was at the level of 55,916.15, down 32.95 points or 0.06%. At the same time, Nifty fell 6.80 points i.e. 0.04% to open at 16,630.10. Buying was visible in Reliance Industries, L&T, Bajaj Finance and Bharti Airtel.
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At 9.58 in the morning, the Sensex was trading at a level of 55,869.37, down 79.73 points, or 0.14%. At the same time, Nifty was at the level of 16,627.65 with a fall of 9.25 points i.e. 0.056% during this period.
Eight sectors were in the red mark on Nifty. The bank index was down 0.3 per cent. After the opening, 1042 shares had risen and 526 shares had fallen.
Talking about Asian markets, MSCI fell 0.1 per cent and Japan’s Nikkei fell 0.46 per cent. In the US stock market, all major major indices on Wall Street closed in decline.
If we talk about the previous session, then on Thursday, the day of monthly expiry, the stock markets closed with a slight increase for the second consecutive day on Thursday amid the soft trend of global markets. The Sensex remained in a limited range during trading and finally closed at 55,949.10 points with a marginal gain of 4.89 points, or 0.01 percent. Nifty also closed at a new record level of 16,636.90 with a slight rise of 2.25 points, or 0.01 percent.
Reliance Industries was the biggest gainer with a gain of 1.29 percent in Sensex shares. Besides, Mahindra & Mahindra, HCL Tech, Axis Bank, ICICI Bank and HUL and Nestle India were also the major gainers. On the other hand, the losers included Bharti Airtel, Maruti, Power Grid, State Bank of India, Tata Steel, NTPC and Sun Pharma. These declined by up to 4.18 percent.