2023-10-16 07:12:39
Indian Stock Market Starts with Decline
Indian stock market has started the week with a decline as both the BSE Sensex and the NSE Nifty fell. The BSE Sensex dropped by 243.36 points to 66,039.38, while the NSE Nifty fell by 59.2 points to 19,691.85. This decline comes as no surprise as the Indian stock market has been facing a downward trend for the past few weeks.
Last Friday, the stock market ended with a fall and unfortunately, it continues to trade with a decline today. Investors and traders are closely monitoring the market as they hope for a turnaround in the near future.
Despite the overall decline, there are companies that have managed to trade with gains. Coal India, Hero Motorcorp, ONGC, Titan Company, Tata Motors, Bajaj Auto, HCL Company, Bajaj Auto, Doctor Reddy Labs, Ultratech Cements, Tata Steel, Axis Bank, Maruti Suzuki, JSW, Infosys, Britannia, and Tata Cons Broad are among the companies trading with profits.
On the other hand, there are companies that have been trading at a loss. Nestlé, Divis Labs, Asian Paints, India Bank, TCS, Adani Ports, Powergrid Corp, Grasium, Bajaj Finserv, Hindalco, Kodak Mahindra, Wipro, Adani Enterprises, ICICI Bank, Reliance, Apollo Hospitals, Larsen, Bharti Airtel, ITC, SBI, Cipla, and Sun Barba are some of the companies experiencing losses in their trades.
In other news, crude oil prices have risen by 6.0%. The increase in prices can be attributed to Iran’s announcement of support for Palestine, which had an impact on the global crude oil market.
As the week progresses, analysts and market experts will closely observe the Indian stock market to identify any potential market trends or signals for investors and traders.
#Stock #Market #Update #Stock #Market #Update