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Stock Updates : Market Looses Early Gains

Stock Market Sensex

The stock market opened in green on Wednesday. The 30-share Sensex of the Bombay Stock Exchange opened 124.12 points higher at 31,577.63. The Nifty of the National Stock Exchange started trading up 21.02 points at 9,205.60. However, within few minutes, the selling phase started and the market turned red. Tuesday also started with a high but the market closed down.

In 15 minutes of trading, till around 9:30 in the morning, the Sensex fell more than 200 points and the Nifty also went down by 60 points. During this period, ONGC, HDFC, Bharti Airtel, NTPC, Reliance, Tata Steel Power Grid, ICICI, HDFC Bank, Sun Pharma were the green mark on the Sensex. All these stocks have a downward trend.

During this period, shares of Adani Ports, ONGC, Bharti Airtel, Hindalco, NTPC were the top gainers while BPCL, ITC, IOC, Axis Bank, Infratel were the top losers.

The stock markets closed in a downward trend on Tuesday due to the sell-off in shares of financial companies amid growing economic uncertainty due to the Corona virus epidemic. The stock markets could not maintain the initial gains and finally the BSE Sensex fell by about 262 points. The Bombay Stock Exchange Sensex fell 810 points from the day’s high and closed at 31,453.51 points, down 261.84 points or 0.83 percent from the previous day at the end of trading. The National Stock Exchange (NSE) Nifty index fell 87.90 points to 9,205.60 points.

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