Today, January 6, the first trading day of the week, the Sensex opened at 78,700 with a decline of over 500 points. There is also a decline of 170 points in Nifty, it is trading at 23,830 level.
Out of 30 Sensex stocks, 18 are down and 12 are up. Out of 50 Nifty stocks, 34 are down and 17 are up. PSU Bank was the biggest loser in the NSE sectoral index with a fall of 2.94 per cent.
Mixed activity for Asian markets
In the Asian market, the Japanese Nikkei fell 1.25% and the Korean Kospi rose 1.54%. At the same time, China’s Shanghai Composite Index is trading down 0.15%. The IPO of Quadrant Future Tech Limited and Capital Infra Trust InvIT will open tomorrow i.e. January 7. Investors will be able to bid until January 9. The stock will be listed on the BSE-NSE on January 14. According to NSE data, on January 3, foreign investors (FIIs) sold shares worth ₹4,227.25 crore. During this period, Domestic Investors (DII) also purchased shares worth ₹820.60 crore. On January 3, the US Dow Jones closed at 42,732, up 0.80%. The S&P 500 index rose 1.26% to 5,942 and the Nasdaq rose 1.77% to 19,621.
Standard Glass Lining Technology IPO to open today
The initial public offering i.e. IPO of Standard Glass Lining Technology Private Limited will open today. Investors will be able to bid until January 8. On January 13, the company’s shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The market had closed lower on Friday earlier on Friday i.e. January 3, the Sensex had closed at the level of 79,223 with a decline of 720 points. Nifty also fell 183 points and closed at 24,004 level. Out of 30 Sensex stocks, 20 were down and 10 were up. Out of 50 Nifty stocks, 32 were down and 18 were up.
In the NSE sector index, the IT sector closed with the highest decline of 1.41 per cent. At the same time, the Banking, Pharmaceuticals, Healthcare and Financial Services sectors closed down more than 1%. While Nifty Oil & Gas rose by 1.26% and media sector by 1.70%.