Little growth on share market.
Mumbai:
After Monday’s fall in the stock market, a slight rise is being seen in the market this morning. Sensex is trading up 69 points at 59979 and up 23 points at 17730. Advance is visible in 34 stocks while decline is being seen in 16 stocks in the subscription. On the other hand, there is a slight rise in the stock of Infosys today. On the other hand, 1825 stocks advanced in Sensex and 694 stocks declined.
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Let us tell you that after being bullish for nine consecutive trading days, on Monday, both the major indices of domestic shareholders were broken under heavy selling pressure. The BSE Sensex was losing 520 points mainly due to higher selling in IT, Technology and Enterprise shares. Shares of veteran IT company Infosys had fallen by more than nine per cent due to heavy selling. Besides this, fall in shares of Closing Ltd and Job Share were also weighing down the index.
BSE’s 30 Standard Index Sensex fell 520.25 points, or 0.86 percent, to 59,910.75 points. At one point of time it had lost up to 988.53 points during trading. Similarly, the National Stock Exchange’s benchmark index also fell by 121.15 points, or 0.68 percent, to 17,706.85 points. Among the Sensex constituents, Infosys was the biggest loser in over nine years. Infosys is revealed to be less than guaranteed a net profit in the fourth quarter.
Apart from this, the stocks of Tech Mahinda, HCL Technologies, Larsen & Toubro, NTPC, Wipro, Jobs, TCS and Job were also in decline.
On the other hand, Nestle, PowerGrid, State Bank of India, Kotak Mahinda Bank, IndusInd Bank and UltraTech Circle had positions at the mark.