Stock Market Updates : The trading week has started with a decline from Monday. Today the domestic stock markets have opened with a fall amid weak global cues. Since last week’s announcement by the US Federal Reserve Bank to raise the interest rate sooner than expected, a negative trend is being seen in the global markets. Today both the benchmark indices have declined by one percent. In the opening, the Sensex saw a fall of more than 500 points.
Talking about 10.10 in the morning, the Sensex had fallen by 255.03 points or 0.49% at this time and the index was at the level of 52,089.42. Nifty was running at the level of 15,606.15 during this period. The index had lost 77.20 points or 0.49%.
At 09:16 in the opening, the Sensex opened at the level of 51819.48 with a fall of 524.97 points ie 1.00%. At the same time, Nifty opened at the level of 15518.50 with a fall of 164.90 points or 1.05%. With the opening, 552 shares rose, 1421 declined and 88 remained unchanged. Based on 30 shares, 27 shares of Sensex opened in red mark.
Asian markets also saw a decline today. Japan’s Nikkei fell 3.3 percent and fell below the 28,000 level for the first time in a month. MSCI’s index had fallen one per cent in early trade itself.
Let us tell you that last week, the market capitalization (market cap) of four of the top 10 companies of Sensex increased by Rs 68,458.72 crore last week. Hindustan Unilever and Infosys were the biggest gainers. Reliance Industries, Tata Consultancy Services (TCS), Infosys and Hindustan Unilever gained in market capitalisation. On the other hand, HDFC Bank, HDFC, ICICI Bank, SBI, Bajaj Finance and Kotak Mahindra Bank collectively lost Rs 43,703.55 crore in market valuation.