A decline is observed in the stock market today i.e. October 16. Sensex is trading at 81,600 level with a decline of over 200 points. Nifty is also down by over 50 points, it is trading at 25,000.
Today, we are seeing a considerable decline in IT and FMCG stocks. There is a rise in metals and energy stocks. Out of 30 Sensex stocks, 18 are showing a rise and 12 are showing a fall.
Mixed activity in the Asian market
The Asian market is booming today. Hong Kong’s Hang Seng index is trading up 0.43% and China’s Shanghai Composite index is up 0.40%. On October 15, the US Dow Jones fell 0.75% to 42,740 and the Nasdaq fell 1.01% to 18,315. The S&P 500 also slipped 0.76 to close at 5,815. According to NSE data, foreign investors (FIIs) sold shares worth ₹1,748 crore on October 15. During this period, domestic investors (DIIs) purchased shares worth ₹ crore.
Today is the second day of Hyundai India’s IPO. Today is the second day of Hyundai India’s IPO. Investors will be able to bid on this issue until October 17. The company’s shares will be listed on the market on October 22. The company has set its price range between Rs 1,865 and Rs 1,960. For this, an offer of at least Rs 13,720 will have to be made.
There was a market drop yesterday Earlier yesterday i.e. October 15, a decline was seen in the stock market. The Sensex closed at 81,820 with a decline of 152 points. Nifty also fell 70 points and closed at 25,057.