Share market: market falls sharply before GDP figures release Sensex breaks 1,000 and Nifty 300 points. On Monday morning, the stock market started with an increase, but it saw a huge decline in the day’s trading. The Sensex was down 2.11 per cent or 834.22 points and 38,633.09 and the Nifty was trading 2.14 per cent or 248.80 points weaker at 11,398.80 on Monday afternoon at 2.35 pm. At this time, two of the 30 Sensex stocks were trading in green mark and 28 in red mark. At the same time, the Nifty Bank has seen a fall of over 900 points.
Share market: market falls sharply before GDP figures release Sensex breaks 1,000 and Nifty 300 points
The stock market opened higher on Monday, the first trading day of the week. At 9:19 am, the Sensex was up by 484.88 points at 39,952.19 and the Nifty was trading above 11,700. Out of 50 stocks of Nifty, 41 stocks were trading in green mark and 9 stocks in red mark.
Talking about today’s heavyweights, shares of In IndusInd Bank, Kotak Bank, Bajaj Auto, HDFC Bank, UPL, Hero MotoCorp, SBI, IOC and Wipro opened on the green mark. M&M, Bharti Airtel, Sun Pharma, Grasim, Hindustan Unilever, Adani Ports, Tata Steel, Tech Mahindra, HDFC and HCL Tech opened on the red mark. In the sectoral index, all sectors, except media, started on the green mark today.
The stock market closed on the last six trading days ie Friday. On Friday, the Sensex rose by 0.90 per cent to close at 39467.31, up 353.84 points, and the Nifty closed 96 points higher at 11655.25, up 0.83 per cent.
Foreign investors remain net buyers in the Indian capital markets so far in August due to excess cash and low interest rates in the global markets, and invested Rs 47,334 crore on a gross basis. According to the data, foreign portfolio investors (FPIs) made a net investment of Rs 46,602 crore in the equity segment so far in August, while Rs 732 crore was invested in the debt segment. FPIs invested a total of Rs 47,334 crore between August 3 and August 28. Earlier FPIs had been net buyers for two consecutive months.