Share Market: Today marks the second consecutive day of trading in the Indian stock market(Opening Bell) The decline is happening though good buying at the time of the calculation placed the market in the green zone. Both the major indexes started trading today with a decline of 0.3 per cent. The Sensex opened 161 points lower and the Nifty opened 52 points lower today. The Sensex closed 364.91 points, or 0.67%, lower at 54,470.67 on Monday, while the Nifty closed 109.40 points, or 0.67%, lower. In early trade, the Sensex opened at 54,309.31 with a high of 54,644.06 and a low of 54,269.59. Speaking of Nifty, the index started trading at 16,248.90. The index was seen at an upper level above 16,352.50 while at a lower level of 16,243.50.
For the second day in a row, the global signal was projected to decline
Global markets are also showing signs of weakness on Tuesday after Monday. US markets closed with a one-time decline. After much volatility the Dow Jones slipped again and closed. The Dow Jones fell 650 points to close at a 14-month low. The Dow is now in the correction zone, down 12 percent from its height. IT, on the other hand, continues to sell and Nasdaq is down more than 4%. Apart from this, big IT stocks are dominated by selling. Amazon’s stock is down 5 percent while Meta is down 3.7 percent. Apart from this, Alphabet has declined by 2.8 per cent. Tesla’s stock is down 9 percent. The sell-off in energy stocks has put pressure on the market. Apart from this, European markets have also seen a decline of 2-2.5 per cent. Asian markets are also seeing pressure and the SGX Nifty is trading in the red with a decline of about 150 points.
Commodity updates
- Oil fell again today after falling 6% yesterday evening.
- Brent is trading at $ 104 and WTI at $ 101.
- Demand for this specialty has grown significantly as a result of recent corporate scandals in China
- Between January and April, China’s oil imports fell 4.8%
- If the dollar index is strong then gold has slipped to 50 1850
FII-DII data
During the May 9 trading session, foreign institutional investors traded up Rs. 3361.80 crore while domestic institutional investors raised Rs. 3077.24 crore.
Last session’s business
On Monday, the first trading day of the week, the Indian stock market fell. The Bombay Stock Exchange (BSE) Sensex closed 364.91 points or 0.67% lower at 54,470.67 while the National Stock Exchange (NSE) Nifty closed 109.40 points or 0.67% lower. The index closed at 16,301.85. The biggest decliners were banks, metals, media and FMCG.
The Sensex opened 647 points lower at 54,188 and the Nifty opened 183 points lower at 16,227. The Sensex had lost 2,225 points, or 3.89%, in the previous week. It closed at 54,835 on Friday. The Nifty, on the other hand, fell 691 points, or 4.04%, to close at 16,411 over the past week.
. Source