Today, October 7, the first trading day of the week, the Sensex is trading at 81,270 level with a decline of over 350 points. There is also a decline of 150 points in Nifty, it is trading at 24,870 level.
Out of 30 Sensex stocks, 23 are down and 7 are up. Out of 50 Nifty stocks, 36 are down and 14 are up. All sectors on the NSE, including banking and pharma, are trading lower. Out of 50 stocks, 39 are up and 11 are down. All sectors of the NSE, including banking and pharma, are recording gains.
Boom in Asian markets
On the Asian market, the Japanese Nikkei is up 1.86%. On the other hand, Hong Kong’s Hang Seng index is trading up 1.20% and Korea’s Kospi index is up 0.89%. On October 4, the US Dow Jones closed at 42,352 with an increase of 0.81% and the Nasdaq closed at 18,137 with an increase of 0.89%. increase of 1.22%. The S&P 500 also closed 0.90 per cent higher at 5,751. According to NSE data, foreign investors (FIIs) sold shares worth ₹9,896.95 crore on October 4. During this period, Domestic Investors (DII) purchased shares worth ₹8,905.08 crore.
Garuda Construction and Engineering IPO to open tomorrow The initial public offering i.e. IPO of Garuda Construction and Engineering Limited will open tomorrow. Investors will be able to bid on this issue until October 10. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on October 15. Click to read the full news…
There was a market decline on Friday Earlier on Friday (October 4), the Sensex closed at 81,688 with a decline of 808 points (0.98%). Nifty also fell by 200 points (0.93%), it closed at 25,049 level.
Out of 30 Sensex stocks, 21 were down and 9 were up. Out of 50 Nifty stocks, 37 were down and 13 were up. There was a decline in all areas except the IT sector of the NSEs. The media sector saw the biggest decline of 2.53%.