Share Market Update News : The Indian stock market opened with weakness on the first trading day of the week i.e. Monday. There was a decline in the stock market in early trading today. Sensex and Nifty declined due to selling in Asian markets. In today’s trading, all sectoral indices remained in the red. The biggest decline was recorded in the Nifty IT index by 0.9%, while the Nifty Metal index slipped by 0.69%. Weakness was also seen in midcap and smallcap shares.
According to reports, there was a decline in the stock market in early trading today. Sensex and Nifty declined due to selling in Asian markets. In today’s trading, all sectoral indices remained in the red. The biggest decline was recorded in the Nifty IT index by 0.9%, while the Nifty Metal index slipped by 0.69%.
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Weakness was also seen in midcap and smallcap shares. In the morning, BSE Sensex fell 422.75 points to 82,078.07, while NSE Nifty was trading 126 points lower at 25,159.35. Out of 30 Sensex stocks, 22 were in the red while 36 out of 50 Nifty stocks were in decline. Last week, a spectacular rise was seen in Sensex and Nifty. Both the indices had registered a rise of up to 1.6%.
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The increasing trade dispute between America and China has weakened investor confidence. Its direct impact is being seen on the Indian equity market. Along with the Indian market, there was weakness in the Asian markets also. MSCI’s Asia Pacific index (excluding Japan) fell 1.4%.
Edited By : Chetan Gour
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