Categories: Business

stock market trade in red in opening trade today


Stock market today

new Delhi. Trading commenced with a fall in the stock market in the first trading session of the week. The Nifty reached below the 9000 level in the first half hour of trading. The banking sector index has seen the biggest decline in early trade.

On Monday, the Sensex opened at a level of 31248 with a gain of about 150 points, although it immediately fell in the dominance. Within the first half-hour, the Sensex had lost over 800 points. On the other hand, Nifty reached below 9000 mark. It is believed that the boom in the cases of corona virus and the lack of any major discounts in the economic package has resulted in a decline in the market.

In today's early trading has seen the biggest loser banking sector. Nifty Bank lost about 5 percent in early trade. At the same time, the Financial Services Index broke more than 4 percent. The realty sector saw a decline of over 3 per cent. ICICI Bank, which was involved in the Sensex in early trade, has broken more than 6%. Bajaj Finance, IndusInd Bank, Kotak Mahindra Bank, Axis Bank fell more than 5 percent.

This post was published on May 18, 2020 3:48 pm

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