Share Market Opening March 24: Banking stocks continue to fall, Sensex-Nifty starts slow

Share Market Opening March 24: Banking stocks continue to fall, Sensex-Nifty starts slow

Share Market Opening on 24 March: Domestic stock markets are under pressure for the second consecutive day today amid mixed global signals. Both the major domestic indices BSE Sensex and NSE Nifty made a slow start to the trading day on the last day of the week. 

The domestic stock market was already on a roll even before the start of today’s trading. were under pressure. In Singapore, the futures SGX Nifty of NSE Nifty was down by about 28 points, or 0.17 per cent, in the morning. This was an indication of the poor start of the domestic stock market today. At the same time, India Vicks, the barometer of turmoil in the market, had fallen by 2 percent. Both Sensex and Nifty were in loss during the Pro-Open session. The Sensex was down nearly 35 points before the start of the session, while the Nifty was almost flat.

Here’s how early trades

Both the major indices started the session with slight gains today. , But the market is looking volatile since morning. When trading started in the market at 09:15 am, the BSE’s 30-share index Sensex had crossed the psychological level of 58,000 points with a slight gain. However, in a short time it came down again. Similarly, NSE Nifty is also going in green and sometimes in red zone again and again. This indicates that there may be an atmosphere of turmoil in the market today.

The global market is mixed

On Thursday, the US markets recovered from a sharp decline a day earlier. Had recovered and returned. The Dow Jones Industrial Average was up 0.23 per cent, the S&P 500 by 0.30 per cent and the tech-focused Nasdaq Composite Index by 1.01 per cent. However, Asian carrots are presenting a different picture. Asian markets are down in today’s trade. Japan’s Topix index has fallen 0.40 percent. Similarly, South Korea’s Kospi is in loss of 0.30 percent and Australia’s S&P / ASX200 is in loss of 0.50 percent. Hong Kong’s Hang Seng is also down 0.8 per cent in futures trade.

These companies to watch

Indiabulls Housing Finance, Biocon and Hindustan Aeronautics in the list of F&O bans in today’s trade Are. Today, the eyes of the investors will be on the companies of Adani Group, which are constantly beating the market. At the same time, a big change can also be seen in the shares of Vedanta, a company trapped in debt crisis.

Talking about the opening business, most of the big companies are in decline. Shares of 18 out of 30 Sensex companies are in the red mark. Shares of only 12 companies had made a good start. Bad condition continues in banking and finance stocks even today. Bajaj Finance and Bajaj Finserv are the biggest losers.

Also read: Starting with a bumper premium, this IPO filled investors’ purses on Day 1 itself!

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