Bullish in domestic stock market, Sensex opens in red, Nifty also below 19400, these shares in focus

As the market opened, apart from power, all other indices were seen trading in the red.- India TV Paisa
Image: File At the market opening, apart from power, all other indices were seen trading in the red.

The local stock market was downbeat as it opened on Tuesday. Sensex-Nifty started in the red. As the market opened in the morning, the Bombay Stock Exchange (BSE) Sensex was seen down 56.63 points to trade at 64902.06 at 9.15 am. Similarly, the National Stock Exchange (NSE) Nifty was also seen slipping 21.25 points to trade at 19390.50. Indices are under pressure in early trade amid mixed global cues. The reason behind this is that the fear of rate hike among investors has increased again. Oil prices rose slightly after Saudi Arabia and Russia announced they would extend supply cuts until the end of the year.

As the market opens, all but one index is in the red.

According to Money Control News, all indices except electricity were trading in the red when the stock market opened. BSE’s small-cap and mid-cap indices are trading flat. On the Nifty, Bajaj Finserv, Bajaj Auto, Bajaj Finance, Cipla and HCL Technologies were among the major gainers, while Divis Labs, Apollo Hospitals, L&T, Coal India and HDFC Bank were among the losers.

Clues were found in the pre-opening itself.

In the early opening of the stock market today, the market gave signs of a weak trend. At pre-opening ie 9 am, the NSE Nifty was trading 24.25 points lower at 19387.50. However, the BSE Sensex was seen trading at 65236.46 with an increase of 277.77 points.

The market had closed after gaining 595 points in the previous session.

The Bombay Stock Exchange index Sensex closed at 64,958.69 points and NSE Nifty gained 181.15 points or 0.94 percent to close at 19,411.75 points on Monday.

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