MUMBAI: After the domestic stock market started trading strongly on Monday, the market broke due to the early selling pressure dominating. Sensex and Nifty Fifty were trading with red marks. The Sensex was found to be trading at 40,401.58 by dropping 43.57 points from the previous session at 9.19 am and the Nifty was also down by 18.05 points at 11,903.45.
Government strict on onion traders, not allowed to keep more than two tons
Earlier, the Sensex Sensex based on 30 stocks of Bombay Stock Exchange (BSE) opened at 40,527.24 and rose to 40,536.42 against the previous week, but due to increased selling pressure, the index broke down to 40,391.04. While the Sensex closed at 40,445.15 in the previous session. The National Stock Exchange (NSE) based 50-share sensitive index Nifty Fifty also opened higher at 11,939.10 than the previous session and rose to a high of 11,941.25, but soon fell to 11,898.60. The Nifty closed at 11,921.50 in the previous session.
RB suggests cut in small savings rates for cheap loans
Among the Sensex companies, Yes Bank, TCS, Tech Mahindra, Powergrid, Infosys, Axis Bank, ITC and IndusInd Bank were trading at a loss of 2.22 percent. On the other hand, Sun Pharma, Tata Motors, Hindustan Unilever, ONGC, HDFC, Bajaj Finance, and SBI were up gains of 1.76 percent.