Markets fell under global pressure, Sensex-Nifty opened with losses

Share market opening on March 11: Due to the ongoing slump in global markets, the local market had a poor start today. On the first day of the week, both Sensex and Nifty moved into the red in early trade. However, the damage seems to be limited due to the support received at the country level.

The initial session was like this.

When the market opened at 9.15 am, both the major indices BSE Sensex and NSE Nifty were marginally higher. However, within a few minutes of business, the situation started to turn around. At 9.25 am, the BSE Sensex was down 60 points to close at 74,060 points. At the same time, the Nifty 50 index fell 14 points to 22,480 points.

It remained strong in the pre-opening session.

The local market was showing signs of a good start before the session started. Nifty futures in the Gifty City were at 22,652 points in the morning, nearly 100 points higher than the previous level. In the pre-opening session, the Sensex was up nearly 60 points at 74,180 points and the Nifty was up 24 points at 22,517 points.

Global markets fall sharply

However, on the other hand, pressure is being seen in global markets. The US market saw a decline on Friday. On Wall Street, the Dow Jones Industrial Average fell nearly 70 points to 38,725. The S&P 500 lost 0.65 percent and the Nasdaq Composite Index lost 1.16 percent. Today, the first day of the week saw a huge fall in the Asian market. Japan’s Nikkei fell more than 2 percent. South Korea’s Kospi is down 1.39 percent and Topex is down 1.33 percent. At the same time, Hong Kong’s Hang Seng index is seeing a slight increase.

This record was made on Thursday.

Earlier on Thursday, the Sensex closed up a marginal gain of 33.40 points (0.045 percent) at 74,119.39 points. The Nifty was up 19.50 points (0.087 percent) at 22,493.55 points. In Thursday’s trading, both the Sensex and Nifty hit new lifetime highs of 74,245.17 points and 22,525.65 points respectively. Friday was a holiday in the market due to Shiva Ratri. The local market has been growing for the last 4 consecutive weeks and both the key indices have gained around 3% during this period.

Large stakes in initial trading

In the opening session, shares of 14 of the 30 Sensex companies gained, while 16 were trading at a loss. In early trade, Ultra Tech Cement’s top gain was around 1.5 percent. Shares like Bharti Airtel, Bajaj Finance, TCS, Bajaj Finserv were also strong. On the other hand, Tata Steel lost over 1.70 percent. Shares like Tata Motors, Tech Mahindra, HDFC Bank also fell.

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