Even after the recent recovery, the domestic stock market remains under pressure. The shares of blue chip companies of Tata Group are seeing a decline in early trading. Because of this, the market has started this week almost stable. After recovering from a slight decline in the pre-open session, the market started Monday’s trading with slight gains. However, in a short time, both BSE Sensex and NSE Nifty went back to the red zone.
As the market opened, it was down
Today’s pre-open session was a loss for the domestic market. Both Sensex and Nifty were down in the pre-open session. It is possible today that the domestic stock market will trade flat or with losses if SGX Nifty in Singapore also trades with a loss. At 09:30 in the morning, the Sensex was trading below 52,900 points, down about 30 points. Nifty was also trading below 15,720 points with a loss of about 30 points.
Volatility in the price of these shares
On the one hand, IndusInd Bank is the biggest gainer with a gain of about 2.50 per cent in early trade, while Tata Steel stock of Tata Group is down by about 2.50 per cent. Shares like Mahindra & Mahindra, TCS and Wipro have also lost more than one percent. At the same time, FMCG stocks like Hindustan Unilever, ITC are helping the market.