Share market: Sensex breaks over 1,000 points, Nifty falls by 270 points FacebooktwitterwpEmailaffiliates
The stock market opened marginally on Monday, the first trading day of the week. Bombay Stock Exchange’s major index Sensex gained 15.78 points to open at 50905.54 level. At the same time, the Nifty of the National Stock Exchange opened up 17.30 points at 14999.05. At 12.28, the Sensex was trading 748 points down at 50,141. While the Nifty fell 177.30 points to trade at 14,804.45 level. At 09:53 am the Sensex was down 128.78 points at 50,760.98 and the Nifty was trading 26.80 down at 14,954.95. The stock market closed on Friday on a steep decline. The Sensex was down 434.93 points to close at 50889.76. The Nifty was down by 137.20 points to close at 14981.75.
In today’s opening trade, shares of Doc Reddy, ITC, Tech Mahindra, JSW Steel and NTPC opened on the green mark. The shares of Tata Steel, Coal India, GAIL, BPCL and Bajaj Finserv opened at the red mark. In Sectoral index FMCG index and realty index started by a decline. Media, banks, pharma, financial services, auto, IT, metal and private banks opened on the green mark.
The Sensex was down 222.82 points to open at 51,101.87 on the previous trading day. The Nifty was down 64.50 points at 15,054.50.
Eight of the top 10 Sensex companies lost more than Rs 1.23 lakh crore in market capitalization last week. Among the top 10 companies of the Sensex last week, only the market capitalization of Reliance Industries Limited and State Bank of India has registered an increase. Last week, Tata Consultancy Services recorded the most decline among the top-10 valued companies. Its market valuation declined by Rs 44,672.14 crore to Rs 11,52,770.11 crore. HDFC Bank’s market capitalization declined by Rs 23,964.99 crore to Rs 8,47,754.65 crore.
ICICI Bank’s market capitalization fell by Rs 16,146.38 crore to Rs 4,31,177.44 crore last week. At the same time, the market capitalization of Hindustan Unilever declined by Rs 14,273.56 crore to Rs 5,12,473.46 crore. Reliance Industries (RIL) topped Sensex’s top-10 companies last week.