The stock market is witnessing an early fall on Tuesday, the Sensex of the Bombay Stock Exchange broke nearly 33 points in early trade on Tuesday. The Sensex came down because of the fall in shares of private banks, IT and auto companies amid fresh investment by foreign investors.
The 30-share Sensex of the Bombay Stock Exchange was trading at 40,453.76 points, losing 33.67 points or 0.08 percent in early trade. The National Stock Exchange’s Nifty was at 11,926.50 points, losing 11 points or 0.09 percent in early trade. Among the Sensex companies, Yes Bank, TCS, Tech Mahindra, PowerGrid, Infosys, Axis Bank, ITC and IndusInd Bank were up by 2.22 percent. Shares of Sun Pharma, Tata Motors, Hindustan Unilever, ONGC, HDFC, Bajaj Finance, and SBI were up by 1.76 percent.
Nifty, Sensex Edge Lower as IT, Media Shares Weigh on Indices https://t.co/o6bm4pnOdu pic.twitter.com/BxRczdZIhb
— marketinvestor (@marketinvestor2) December 10, 2019
On Monday, there was a period of difficulties in the stock market, after seeing the improvement in the stock market after the initial decline, the Sensex and Nifty closed with an increase. They recorded recession after opening with an edge at the beginning of the day. However, later, there was an improvement in business. The Sensex improved by 42 points to 40,487 and the Nifty reached 11,937.
Indian shares ended higher on Monday, as gains in auto and metal stocks offset losses in information technology and consumer sectors.The NSE Nifty 50 index ended 0.13% higher at 11,936.95 and the S&P BSE Sensex closed up 0.1% at 40,487.43.
— Trading and Investments (@Trading_nInvest) December 10, 2019
Weak economic data and signals from the overseas market showed huge volatility in the domestic stock market last week and the RBI’s decision not to change the policy rates sent the market to a halt, following which major selling pressure. They recorded a decline in sensory indices. The Nifty closed below the psychological level of 12,000. The 30-share Sensex based on the Bombay Stock Exchange (BSE) Sensex closed at 40,445.15, down 348.66 points or 0.85 percent from the previous week.
