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Buisness

Flat start of stock market, Sensex Nifty on green mark after weak opening

The stock market started flat on Tuesday. Initially, the Sensex opened on the red mark with a fall of about 50 points, however, in the first minute, once again the market showed a boom and the Sensex came to the green mark. 9 out of 30 Sensex stocks were on the red mark, while 21 stocks were trading with a boom. The Reserve Bank’s decision on interest rates is going to come this week, in view of which investors preferred to wait and watch.

Earlier on Monday, the market had closed sharply. The 30-share BSE Sensex climbed 240.36 points, or 0.38 percent, to close at 62,787.47. At one point of time it had jumped up to 369.09 points during the trading. The National Stock Exchange’s (NSE) benchmark index Nifty also closed at 18,593.85, up 59.75 points, or 0.32 per cent.

UltraTech Cement, Titan, Kotak Mahindra Bank, Asian Paints, Maruti and Axis Bank were major gainers in the Sensex pack. On the other hand, Tech Mahindra, Infosys, HCL Technologies, Wipro, Tata Consultancy Services, ICICI Bank, Tata Steel and Hindustan Unilever declined.

Global oil benchmark Brent crude was down 0.20 per cent at $76.54 per barrel. Foreign institutional investors (FIIs) sold shares worth a net Rs 700.98 crore on Friday, according to stock market data.

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